Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by US Bancorp DE

US Bancorp DE grew its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 2.1% in the third quarter, HoldingsChannel reports. The fund owned 32,324 shares of the bank’s stock after buying an additional 654 shares during the quarter. US Bancorp DE’s holdings in Citizens Financial Group were worth $1,328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Innealta Capital LLC purchased a new stake in shares of Citizens Financial Group during the 2nd quarter worth about $25,000. Versant Capital Management Inc grew its holdings in shares of Citizens Financial Group by 262.8% during the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock worth $34,000 after purchasing an additional 678 shares during the period. Private Ocean LLC grew its holdings in shares of Citizens Financial Group by 484.4% during the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock worth $36,000 after purchasing an additional 838 shares during the period. Friedenthal Financial purchased a new stake in shares of Citizens Financial Group during the 3rd quarter worth about $50,000. Finally, Claro Advisors LLC purchased a new stake in shares of Citizens Financial Group during the 3rd quarter worth about $50,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

CFG stock opened at $46.03 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. The firm has a market cap of $20.49 billion, a P/E ratio of 18.12, a P/E/G ratio of 1.59 and a beta of 1.07. Citizens Financial Group, Inc. has a 12-month low of $24.61 and a 12-month high of $48.35. The stock’s 50 day simple moving average is $41.61 and its 200 day simple moving average is $38.86.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the company posted $0.85 EPS. The business’s revenue was down 5.6% compared to the same quarter last year. As a group, equities research analysts predict that Citizens Financial Group, Inc. will post 3.19 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.65%. The ex-dividend date is Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio is presently 66.14%.

Analyst Ratings Changes

CFG has been the subject of a number of research reports. UBS Group boosted their target price on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Evercore ISI decreased their price target on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a report on Wednesday, October 2nd. Morgan Stanley upped their price target on Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Finally, Piper Sandler upped their price target on Citizens Financial Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $43.80.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.