Venturi Wealth Management LLC Purchases 2,593 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Venturi Wealth Management LLC increased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 174.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,076 shares of the bank’s stock after purchasing an additional 2,593 shares during the period. Venturi Wealth Management LLC’s holdings in Citizens Financial Group were worth $167,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Citizens Financial Group by 5.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 22,603 shares of the bank’s stock worth $820,000 after purchasing an additional 1,260 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Citizens Financial Group by 3.8% during the first quarter. QRG Capital Management Inc. now owns 41,778 shares of the bank’s stock worth $1,516,000 after purchasing an additional 1,521 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Citizens Financial Group by 3.6% in the first quarter. Bleakley Financial Group LLC now owns 11,027 shares of the bank’s stock valued at $400,000 after acquiring an additional 385 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Citizens Financial Group by 35.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,203 shares of the bank’s stock worth $2,838,000 after buying an additional 20,649 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Citizens Financial Group by 8.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 498,438 shares of the bank’s stock valued at $18,088,000 after purchasing an additional 39,415 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Shares of CFG stock opened at $46.42 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The company has a market cap of $20.46 billion, a P/E ratio of 18.28, a P/E/G ratio of 1.77 and a beta of 1.07. Citizens Financial Group, Inc. has a twelve month low of $25.93 and a twelve month high of $48.35. The business has a fifty day simple moving average of $41.88 and a 200 day simple moving average of $39.20.

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 analysts’ consensus estimates of $0.79. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. Citizens Financial Group’s revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. On average, sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group’s payout ratio is presently 66.14%.

Analyst Ratings Changes

CFG has been the subject of a number of analyst reports. Piper Sandler boosted their price objective on shares of Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Royal Bank of Canada lifted their target price on Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Morgan Stanley upped their price target on shares of Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Barclays upped their price objective on 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. Finally, StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.