Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in Citizens Financial Group, Inc. (NYSE:CFG) by 0.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 527,760 shares of the bank’s stock after acquiring an additional 247 shares during the period. Principal Financial Group Inc.’s holdings in Citizens Financial Group were worth $21,675,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CFG. Innealta Capital LLC acquired a new position in Citizens Financial Group in the 2nd quarter valued at about $25,000. Costello Asset Management INC purchased a new position in shares of Citizens Financial Group in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Citizens Financial Group in the third quarter valued at approximately $27,000. Catalyst Capital Advisors LLC purchased a new stake in Citizens Financial Group during the 3rd quarter worth approximately $28,000. Finally, Private Ocean LLC lifted its holdings in 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 buying an additional 838 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CFG. Barclays upped their price objective on Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Citigroup upped their price target on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. DA Davidson boosted their price objective on Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Compass Point lifted their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, The Goldman Sachs Group increased their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average price target of $47.41.

Citizens Financial Group Stock Up 1.0 %

Shares of NYSE:CFG opened at $44.00 on Thursday. Citizens Financial Group, Inc. has a 1-year low of $30.24 and a 1-year high of $49.25. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. The stock has a market cap of $19.39 billion, a P/E ratio of 17.32, a P/E/G ratio of 1.76 and a beta of 1.08. The firm has a fifty day moving average price of $44.95 and a 200 day moving average price of $41.48.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. The business 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 quarter in the prior year, the firm earned $0.85 earnings per share. Sell-side analysts predict that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 66.14%.

Citizens Financial Group Company Profile

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.