7,702 Shares of Citizens Financial Group, Inc. $CFG Purchased by MN Wealth Advisors LLC

MN Wealth Advisors LLC acquired a new position in Citizens Financial Group, Inc. (NYSE:CFG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,702 shares of the bank’s stock, valued at approximately $491,000.

Other institutional investors have also recently modified their holdings of the company. 55 North Private Wealth LLC raised its holdings in shares of Citizens Financial Group by 4.6% during the 3rd quarter. 55 North Private Wealth LLC now owns 3,830 shares of the bank’s stock valued at $244,000 after buying an additional 170 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its stake in Citizens Financial Group by 0.3% in the second quarter. Cookson Peirce & Co. Inc. now owns 56,309 shares of the bank’s stock worth $3,946,000 after buying an additional 174 shares in the last quarter. Trustmark Bank Trust Department boosted its stake in Citizens Financial Group by 4.9% in the second quarter. Trustmark Bank Trust Department now owns 4,278 shares of the bank’s stock worth $300,000 after buying an additional 198 shares in the last quarter. GoalVest Advisory LLC boosted its stake in Citizens Financial Group by 29.9% in the third quarter. GoalVest Advisory LLC now owns 883 shares of the bank’s stock worth $56,000 after buying an additional 203 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in Citizens Financial Group by 0.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 64,323 shares of the bank’s stock valued at $3,757,000 after acquiring an additional 220 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Trading Down 0.1%

NYSE CFG opened at $65.19 on Friday. Citizens Financial Group, Inc. has a 1-year low of $49.00 and a 1-year high of $75.33. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.74. The stock has a 50-day moving average of $67.11 and a 200-day moving average of $67.20. The firm has a market cap of $27.46 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 0.59 and a beta of 0.72.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, October 16th. The bank reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.02. Citizens Financial Group had a return on equity of 9.52% and a net margin of 18.07%. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the business posted $1.05 EPS. As a group, sell-side analysts forecast that Citizens Financial Group, Inc. will post 5.30 EPS for the current year.

Citizens Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a $0.52 dividend. The ex-dividend date is Friday, October 30th. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.46. This represents a $2.08 annualized dividend and a yield of 3.2%. Citizens Financial Group’s dividend payout ratio is presently 37.02%.

Wall Street Analyst Weigh In

CFG has been the topic of several research reports. Cantor Fitzgerald decreased their price target on shares of Citizens Financial Group from $84.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 14th. JPMorgan Chase & Co. lowered their price objective on shares of Citizens Financial Group from $78.00 to $72.50 and set an “overweight” rating for the company in a report on Friday, October 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citizens Financial Group in a research note on Monday, August 3rd. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Citizens Financial Group in a research note on Friday, October 16th. Finally, Royal Bank Of Canada reduced their target price on shares of Citizens Financial Group from $79.00 to $74.00 and set an “outperform” rating on the stock in a report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given 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 $77.47.

About Citizens Financial Group

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Its principal subsidiary, Citizens Bank, provides banking and financial services to consumers, small businesses, middle-market companies, large corporations and institutional clients.

The company offers consumer deposit accounts, residential mortgages, home equity financing, credit cards, personal loans and other lending products. Its commercial banking activities include business loans, equipment financing, treasury management, capital markets services and investment banking.