Signaturefd LLC Grows Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Signaturefd LLC raised its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 8.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,954 shares of the bank’s stock after buying an additional 439 shares during the period. Signaturefd LLC’s holdings in Citizens Financial Group were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Citizens Financial Group by 35.9% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,203 shares of the bank’s stock worth $2,838,000 after purchasing an additional 20,649 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Citizens Financial Group by 101.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock worth $27,641,000 after purchasing an additional 383,947 shares during the period. Duality Advisers LP purchased a new stake in shares of Citizens Financial Group in the 1st quarter worth approximately $1,180,000. SG Americas Securities LLC lifted its position in shares of Citizens Financial Group by 642.6% in the 1st quarter. SG Americas Securities LLC now owns 272,676 shares of the bank’s stock worth $9,895,000 after purchasing an additional 235,958 shares during the period. Finally, UniSuper Management Pty Ltd lifted its position in shares of Citizens Financial Group by 1,045.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 25,692 shares of the bank’s stock worth $932,000 after purchasing an additional 23,449 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Evercore ISI lowered their price target on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research report on Wednesday, October 2nd. Stephens increased their target price on shares of Citizens Financial Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. DA Davidson increased their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group increased their target price on shares of Citizens Financial Group from $43.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Citizens Financial Group has an average rating of “Hold” and an average target price of $43.80.

Citizens Financial Group Trading Down 0.6 %

Shares of Citizens Financial Group stock opened at $41.51 on Friday. The firm has a market capitalization of $18.89 billion, a price-to-earnings ratio of 15.04, a PEG 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’s 50 day simple moving average is $41.45 and its two-hundred day simple moving average is $38.29. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.60.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.79. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. 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 business earned $0.85 earnings per share. Analysts predict that Citizens Financial Group, Inc. will post 3.22 EPS for the current year.

Citizens Financial Group Dividend Announcement

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

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.