Impax Asset Management Group plc Has $17.97 Million Position in Citizens Financial Group, Inc. $CFG

Impax Asset Management Group plc cut its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 9.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 338,104 shares of the bank’s stock after selling 36,102 shares during the quarter. Impax Asset Management Group plc owned approximately 0.08% of Citizens Financial Group worth $17,974,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Krilogy Financial LLC acquired a new position in Citizens Financial Group in the 3rd quarter valued at $1,182,000. Versor Investments LP bought a new stake in Citizens Financial Group during the third quarter worth $282,000. Prospera Financial Services Inc acquired a new stake in Citizens Financial Group in the third quarter valued at about $258,000. Profund Advisors LLC boosted its stake in shares of Citizens Financial Group by 2.9% in the 3rd quarter. Profund Advisors LLC now owns 7,821 shares of the bank’s stock valued at $416,000 after purchasing an additional 221 shares in the last quarter. Finally, Candriam S.C.A. boosted its position in Citizens Financial Group by 14.4% in the third quarter. Candriam S.C.A. now owns 54,169 shares of the bank’s stock valued at $2,880,000 after buying an additional 6,824 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CFG. DA Davidson lifted their price target on Citizens Financial Group from $65.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada boosted their target price on shares of Citizens Financial Group from $60.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. New Street Research set a $73.00 price target on shares of Citizens Financial Group in a research note on Thursday, January 22nd. Raymond James Financial downgraded Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and increased their price objective for the company from $62.00 to $66.00 in a report on Wednesday, January 7th. Finally, Barclays set a $77.00 target price on Citizens Financial Group and gave the stock an “overweight” rating in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.77.

Citizens Financial Group Stock Down 0.1%

Shares of Citizens Financial Group stock opened at $67.61 on Wednesday. The stock’s 50-day moving average is $60.83 and its 200 day moving average is $54.55. Citizens Financial Group, Inc. has a one year low of $32.60 and a one year high of $68.78. The firm has a market cap of $29.04 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 0.55 and a beta of 0.72. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.84.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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%.The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 earnings per share. Equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Wednesday, February 4th. 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.