Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 558.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,712 shares of the bank’s stock after acquiring an additional 1,452 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Citizens Financial Group were worth $70,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Ballentine Partners LLC purchased a new stake in Citizens Financial Group during the 1st quarter worth $207,000. Kingswood Wealth Advisors LLC increased its position in shares of Citizens Financial Group by 10.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 14,408 shares of the bank’s stock worth $523,000 after purchasing an additional 1,313 shares during the last quarter. Register Financial Advisors LLC bought a new stake in shares of Citizens Financial Group during the 1st quarter valued at about $114,000. Asio Capital LLC grew its position in shares of Citizens Financial Group by 5.8% during the 1st quarter. Asio Capital LLC now owns 97,754 shares of the bank’s stock valued at $3,547,000 after buying an additional 5,377 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its position in shares of Citizens Financial Group by 21.0% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 11,460 shares of the bank’s stock valued at $416,000 after buying an additional 1,991 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

CFG stock opened at $41.44 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $18.86 billion, a price-to-earnings ratio of 15.01, a P/E/G ratio of 1.42 and a beta of 1.07. Citizens Financial Group, Inc. has a 12 month low of $22.77 and a 12 month high of $44.39. The firm has a 50 day moving average of $41.43 and a two-hundred day moving average of $38.22.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The company 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 10.74% and a return on equity of 6.21%. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. As a group, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.22 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio is currently 60.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Citizens Financial Group from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Wednesday, July 3rd. Evercore ISI cut their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research note on Wednesday, October 2nd. Barclays increased 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. Morgan Stanley increased their target price on shares of Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Finally, Raymond James assumed coverage on shares of Citizens Financial Group in a report on Thursday, July 11th. They set a “market perform” rating on the stock. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $43.80.

Citizens Financial Group 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.