Syon Capital LLC Has $1.05 Million Position in Citizens Financial Group, Inc. $CFG

Syon Capital LLC grew its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 80.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 19,771 shares of the bank’s stock after buying an additional 8,787 shares during the period. Syon Capital LLC’s holdings in Citizens Financial Group were worth $1,051,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its holdings in Citizens Financial Group by 2.4% in the first quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock valued at $472,000 after buying an additional 274 shares during the period. Empowered Funds LLC grew its stake in shares of Citizens Financial Group by 6.7% in the 1st quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock valued at $362,000 after buying an additional 554 shares during the period. Woodline Partners LP increased its holdings in shares of Citizens Financial Group by 39.5% during the first quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock valued at $1,513,000 after acquiring an additional 10,466 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Citizens Financial Group by 93.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock valued at $439,000 after purchasing an additional 4,739 shares in the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of Citizens Financial Group in the 2nd quarter worth about $419,000. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $64.08 on Friday. The company has a market capitalization of $27.23 billion, a P/E ratio of 16.55, a PEG ratio of 0.53 and a beta of 0.72. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $68.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85. The stock has a 50 day moving average price of $62.03 and a two-hundred day moving average price of $55.28.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the business posted $0.85 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. Analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were given a $0.46 dividend. The ex-dividend date was Wednesday, February 4th. This represents a $1.84 annualized dividend and a yield of 2.9%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 47.55%.

Analysts Set New Price Targets

A number of research firms have issued reports on CFG. Jefferies Financial Group reaffirmed a “buy” rating and set a $80.00 price objective on shares of Citizens Financial Group in a report on Wednesday, January 21st. JPMorgan Chase & Co. increased their price target on Citizens Financial Group from $62.50 to $71.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Bank of America lifted their price target on Citizens Financial Group from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Argus upped their price objective on Citizens Financial Group from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Finally, Keefe, Bruyette & Woods lifted their target price on Citizens Financial Group from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. One equities research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $68.77.

About Citizens Financial Group

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.