Penserra Capital Management LLC Boosts Holdings in Citizens Financial Group, Inc. $CFG

Penserra Capital Management LLC raised its position in Citizens Financial Group, Inc. (NYSE:CFG) by 128.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,885 shares of the bank’s stock after acquiring an additional 10,056 shares during the quarter. Penserra Capital Management LLC’s holdings in Citizens Financial Group were worth $949,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CFG. Jones Financial Companies Lllp boosted its holdings in shares of Citizens Financial Group by 22.3% in the third quarter. Jones Financial Companies Lllp now owns 19,421 shares of the bank’s stock valued at $1,036,000 after acquiring an additional 3,542 shares in the last quarter. Mediolanum International Funds Ltd lifted its position in Citizens Financial Group by 27.9% in the third quarter. Mediolanum International Funds Ltd now owns 20,696 shares of the bank’s stock valued at $1,110,000 after purchasing an additional 4,515 shares during the period. Transcend Capital Advisors LLC boosted its holdings in Citizens Financial Group by 26.4% in the 3rd quarter. Transcend Capital Advisors LLC now owns 8,212 shares of the bank’s stock valued at $437,000 after purchasing an additional 1,716 shares in the last quarter. Everhart Financial Group Inc. boosted its holdings in Citizens Financial Group by 45.6% in the 3rd quarter. Everhart Financial Group Inc. now owns 14,483 shares of the bank’s stock valued at $770,000 after purchasing an additional 4,535 shares in the last quarter. Finally, Keybank National Association OH increased its position in Citizens Financial Group by 9.3% during the 3rd quarter. Keybank National Association OH now owns 53,704 shares of the bank’s stock worth $2,855,000 after purchasing an additional 4,562 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Weiss Ratings cut Citizens Financial Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Evercore boosted their target price on shares of Citizens Financial Group from $69.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday. Argus increased their price target on shares of Citizens Financial Group from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Jefferies Financial Group reiterated a “buy” rating and issued a $80.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, January 21st. Finally, Citigroup upped their target price on shares of Citizens Financial Group from $65.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.91.

Citizens Financial Group Stock Up 2.1%

CFG stock opened at $68.05 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.84. The company’s 50 day simple moving average is $60.30 and its 200-day simple moving average is $54.26. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $68.36. The firm has a market capitalization of $29.23 billion, a PE ratio of 17.58, a P/E/G ratio of 0.56 and a beta of 0.72.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. Citizens Financial Group had a return on equity of 7.89% and a net margin of 15.19%.Citizens Financial Group’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. Equities analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, February 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.7%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 47.55%.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.