BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $6.50 Million Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 97.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 158,222 shares of the bank’s stock after purchasing an additional 78,245 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Citizens Financial Group were worth $6,498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Versor Investments LP bought a new stake in shares of Citizens Financial Group during the third quarter worth approximately $1,910,000. CWM LLC grew its holdings in Citizens Financial Group by 77.1% during the 2nd quarter. CWM LLC now owns 40,699 shares of the bank’s stock worth $1,466,000 after acquiring an additional 17,718 shares during the period. Quantbot Technologies LP bought a new stake in shares of Citizens Financial Group during the 2nd quarter valued at $5,009,000. Andra AP fonden lifted its stake in shares of Citizens Financial Group by 49.1% in the 2nd quarter. Andra AP fonden now owns 308,300 shares of the bank’s stock valued at $11,108,000 after purchasing an additional 101,500 shares during the period. Finally, Pallas Capital Advisors LLC boosted its position in shares of Citizens Financial Group by 138.9% in the 3rd quarter. Pallas Capital Advisors LLC now owns 25,620 shares of the bank’s stock worth $1,069,000 after purchasing an additional 14,896 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on CFG. DA Davidson increased their target price on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods increased their price target on shares of 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. Citigroup boosted their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Barclays boosted their price target on shares of Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $44.80.

Citizens Financial Group Stock Up 1.9 %

Shares of Citizens Financial Group stock opened at $47.65 on Monday. Citizens Financial Group, Inc. has a 52-week low of $26.13 and a 52-week high of $48.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. The business’s 50 day simple moving average is $42.83 and its 200 day simple moving average is $39.84. The firm has a market cap of $21.00 billion, a PE ratio of 18.76, a P/E/G ratio of 1.78 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, analysts predict that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

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 dividend of $0.42 per share. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 3.53%. Citizens Financial Group’s payout ratio is presently 66.14%.

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.