Citizens Financial Group, Inc. $CFG Stock Position Boosted by Diversified Trust Co

Diversified Trust Co grew its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 482.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 183,568 shares of the bank’s stock after purchasing an additional 152,062 shares during the quarter. Diversified Trust Co’s holdings in Citizens Financial Group were worth $11,704,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CFG. Fisher Asset Management LLC grew its position in Citizens Financial Group by 94,191.5% during the third quarter. Fisher Asset Management LLC now owns 112,233,279 shares of the bank’s stock valued at $7,155,994,000 after acquiring an additional 112,114,251 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Citizens Financial Group during the second quarter worth approximately $3,415,046,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Citizens Financial Group by 7,979.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 12,165,352 shares of the bank’s stock worth $775,663,000 after acquiring an additional 12,014,785 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Citizens Financial Group by 1,252.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 9,204,563 shares of the bank’s stock worth $586,883,000 after acquiring an additional 8,523,938 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Citizens Financial Group by 4,720.9% in the 3rd quarter. Fifth Third Bancorp now owns 4,672,049 shares of the bank’s stock worth $297,890,000 after acquiring an additional 4,575,137 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CFG has been the topic of several recent research reports. Citigroup reduced their target price on shares of Citizens Financial Group from $84.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, October 20th. Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. JPMorgan Chase & Co. cut their price target on shares of Citizens Financial Group from $78.00 to $72.50 and set an “overweight” rating for the company in a research report on Friday, October 2nd. Bank of America reduced their price objective on Citizens Financial Group from $82.00 to $76.00 in a research note on Thursday, October 8th. Finally, Robert W. Baird lifted their price objective on Citizens Financial Group from $72.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $76.79.

Citizens Financial Group Trading Up 0.5%

NYSE:CFG opened at $65.17 on Friday. The firm has a market capitalization of $27.32 billion, a P/E ratio of 13.05, a P/E/G ratio of 0.59 and a beta of 0.74. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.74. The company has a fifty day moving average of $65.44 and a 200 day moving average of $65.69. Citizens Financial Group, Inc. has a 52 week low of $49.00 and a 52 week high of $75.33.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, October 16th. The bank reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.02. Citizens Financial Group had a net margin of 18.07% and a return on equity of 9.52%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the firm earned $1.05 EPS. On average, research analysts predict that Citizens Financial Group, Inc. will post 5.30 earnings per share for the current year.

Citizens Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 13th. Investors of record on Friday, October 30th were paid a $0.52 dividend. The ex-dividend date of this dividend was Friday, October 30th. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.46. This represents a $2.08 annualized dividend and a dividend yield of 3.2%. Citizens Financial Group’s payout ratio is 41.85%.

About Citizens Financial Group

Citizens Financial Group, Inc. is a bank holding company headquartered in Providence, Rhode Island. Through Citizens Bank and related businesses, it provides retail and commercial banking services to individuals, businesses and institutions. Its offerings include checking and savings accounts, mortgages, personal and business loans, credit cards, wealth management, and commercial lending and cash-management services. The company also provides capital markets and other financial services to corporate clients.