Citizens Financial Group, Inc. $CFG Shares Acquired by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC lifted its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 1,309.3% in the second quarter, HoldingsChannel reports. The firm owned 24,649 shares of the bank’s stock after acquiring an additional 22,900 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Citizens Financial Group were worth $1,103,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Investors Research Corp grew its position in shares of Citizens Financial Group by 344.8% during the second quarter. Investors Research Corp now owns 645 shares of the bank’s stock worth $29,000 after buying an additional 500 shares in the last quarter. Trust Co. of Vermont raised its holdings in shares of Citizens Financial Group by 177.5% in the 2nd quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock valued at $29,000 after purchasing an additional 410 shares in the last quarter. GoalVest Advisory LLC lifted its position in shares of Citizens Financial Group by 16,900.0% during the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after purchasing an additional 676 shares during the last quarter. REAP Financial Group LLC grew its stake in shares of Citizens Financial Group by 72.4% during the second quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock worth $33,000 after purchasing an additional 309 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in Citizens Financial Group by 143.4% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,076 shares of the bank’s stock valued at $44,000 after buying an additional 634 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Morgan Stanley raised Citizens Financial Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $53.00 to $71.00 in a research report on Monday, September 29th. Wall Street Zen raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Barclays upped their target price on shares of Citizens Financial Group from $55.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, October 16th. DA Davidson reiterated a “buy” rating and set a $59.00 price target on shares of Citizens Financial Group in a research note on Thursday, October 16th. Finally, Cantor Fitzgerald started coverage on Citizens Financial Group in a research report on Wednesday, September 10th. They set an “overweight” rating and a $61.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $56.57.

Citizens Financial Group Stock Performance

NYSE CFG opened at $51.68 on Friday. The firm has a market cap of $22.19 billion, a P/E ratio of 14.47, a P/E/G ratio of 0.54 and a beta of 0.82. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week high of $55.24. The business’s 50-day moving average price is $51.79 and its 200 day moving average price is $46.79. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.44.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, October 15th. The bank reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Citizens Financial Group had a return on equity of 7.48% and a net margin of 14.17%.The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $0.79 EPS. On average, equities research analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Wednesday, October 29th will be given a $0.46 dividend. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, October 29th. This represents a $1.84 dividend on an annualized basis and a yield of 3.6%. Citizens Financial Group’s payout ratio is 51.54%.

Citizens Financial Group 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.