Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by StoneX Group Inc.

StoneX Group Inc. raised its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 12.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,670 shares of the bank’s stock after purchasing an additional 5,208 shares during the period. StoneX Group Inc.’s holdings in Citizens Financial Group were worth $1,958,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CFG. Commerce Bank raised its position in Citizens Financial Group by 1.9% in the third quarter. Commerce Bank now owns 13,177 shares of the bank’s stock valued at $541,000 after purchasing an additional 250 shares during the period. Cullen Frost Bankers Inc. boosted its stake in Citizens Financial Group by 12.7% during the second quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank’s stock worth $84,000 after buying an additional 264 shares during the period. ZWJ Investment Counsel Inc. increased its holdings in Citizens Financial Group by 0.3% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 88,829 shares of the bank’s stock valued at $3,648,000 after purchasing an additional 308 shares during the last quarter. Empirical Finance LLC grew its stake in shares of Citizens Financial Group by 2.1% in the third quarter. Empirical Finance LLC now owns 16,076 shares of the bank’s stock valued at $660,000 after buying an additional 330 shares in the last quarter. Finally, Abich Financial Wealth Management LLC increased its stake in Citizens Financial Group by 11.5% during the second quarter. Abich Financial Wealth Management LLC now owns 3,250 shares of the bank’s stock worth $117,000 after purchasing an additional 334 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Up 1.9 %

CFG opened at $47.65 on Friday. The company has a market cap of $21.00 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. Citizens Financial Group, Inc. has a 1 year low of $26.13 and a 1 year high of $48.35. The firm has a 50 day moving average price of $42.83 and a 200 day moving average price of $39.82.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 earnings per share. Sell-side analysts expect that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio is presently 66.14%.

Analyst Ratings Changes

A number of research firms have recently weighed in on CFG. Evercore ISI cut their price objective on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 2nd. Barclays upped their target price on shares of Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods raised their target price on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a research report on Monday, September 30th. DA Davidson boosted their price target on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $44.80.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.