Townsquare Capital LLC Buys 3,580 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Townsquare Capital LLC raised its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 22.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,846 shares of the bank’s stock after acquiring an additional 3,580 shares during the period. Townsquare Capital LLC’s holdings in Citizens Financial Group were worth $815,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Versor Investments LP bought a new position in shares of Citizens Financial Group during the third quarter valued at about $1,910,000. CWM LLC boosted its stake in shares of Citizens Financial Group by 77.1% in the 2nd quarter. CWM LLC now owns 40,699 shares of the bank’s stock worth $1,466,000 after buying an additional 17,718 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Citizens Financial Group in the second quarter valued at approximately $5,009,000. Pathstone Holdings LLC increased its position in shares of Citizens Financial Group by 7.7% during the third quarter. Pathstone Holdings LLC now owns 154,546 shares of the bank’s stock valued at $6,347,000 after acquiring an additional 11,044 shares during the last quarter. Finally, Andra AP fonden lifted its holdings in Citizens Financial Group by 49.1% during the second quarter. Andra AP fonden now owns 308,300 shares of the bank’s stock worth $11,108,000 after acquiring an additional 101,500 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Trading Down 2.2 %

Shares of Citizens Financial Group stock opened at $47.09 on Tuesday. The company’s 50-day moving average price is $43.66 and its 200-day moving average price is $40.34. The company has a market cap of $20.75 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 1.83 and a beta of 1.07. Citizens Financial Group, Inc. has a 12-month low of $27.97 and a 12-month high of $49.25. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. On average, equities analysts expect that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.57%. Citizens Financial Group’s payout ratio is currently 66.14%.

Analyst Ratings Changes

CFG has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised their target price on Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a research report on Monday, September 30th. Evercore ISI decreased their price objective on shares of 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. Barclays boosted their target price on shares of Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. DA Davidson raised their price target on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.47.

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.