Jupiter Asset Management Ltd. Takes Position in Citizens Financial Group, Inc. $CFG

Jupiter Asset Management Ltd. bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 185,432 shares of the bank’s stock, valued at approximately $9,858,000.

Other institutional investors have also made changes to their positions in the company. GoalVest Advisory LLC lifted its holdings in Citizens Financial Group by 16,900.0% during the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock valued at $30,000 after purchasing an additional 676 shares during the last quarter. True Wealth Design LLC boosted its holdings in shares of Citizens Financial Group by 891.5% during the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock valued at $31,000 after acquiring an additional 526 shares in the last quarter. Capital A Wealth Management LLC lifted its holdings in Citizens Financial Group by 3,970.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock worth $36,000 after buying an additional 794 shares during the period. State of Wyoming bought a new stake in shares of Citizens Financial Group in the 2nd quarter valued at about $39,000. Finally, Kestra Investment Management LLC increased its stake in shares of Citizens Financial Group by 2,703.0% in the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock valued at $41,000 after buying an additional 892 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CFG shares. Royal Bank Of Canada lifted their price objective on Citizens Financial Group from $60.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Bank of America boosted their price target on shares of Citizens Financial Group from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. New Street Research set a $73.00 price objective on shares of Citizens Financial Group in a research note on Thursday, January 22nd. The Goldman Sachs Group reiterated a “buy” rating and set a $73.00 price objective on shares of Citizens Financial Group in a research report on Tuesday, January 6th. Finally, Argus boosted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Citizens Financial Group has a consensus rating of “Moderate Buy” and an average target price of $68.77.

Citizens Financial Group Stock Up 1.1%

Shares of NYSE CFG opened at $65.27 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.46. The firm has a market cap of $27.74 billion, a PE ratio of 16.87, a P/E/G ratio of 0.53 and a beta of 0.72. The company’s fifty day simple moving average is $62.17 and its 200 day simple moving average is $55.41. Citizens Financial Group, Inc. has a 12-month low of $32.60 and a 12-month high of $68.79.

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

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio is 47.55%.

Citizens Financial Group 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.