Oddo BHF Asset Management Sas Takes Position in Citizens Financial Group, Inc. (NYSE:CFG)

Oddo BHF Asset Management Sas purchased a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 14,370 shares of the bank’s stock, valued at approximately $590,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Citizens Financial Group by 4.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 77,067 shares of the bank’s stock valued at $2,777,000 after purchasing an additional 3,295 shares during the last quarter. Blue Trust Inc. boosted its stake in Citizens Financial Group by 62.1% during the second quarter. Blue Trust Inc. now owns 5,011 shares of the bank’s stock worth $182,000 after buying an additional 1,920 shares during the period. Gradient Investments LLC increased its position in shares of Citizens Financial Group by 352.8% during the second quarter. Gradient Investments LLC now owns 2,581 shares of the bank’s stock valued at $93,000 after acquiring an additional 2,011 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Citizens Financial Group by 4.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,954 shares of the bank’s stock worth $431,000 after acquiring an additional 494 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Citizens Financial Group by 27.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 91,862 shares of the bank’s stock worth $3,310,000 after acquiring an additional 20,000 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $45.70 on Friday. The company has a market cap of $20.14 billion, a P/E ratio of 17.99, a PEG ratio of 1.76 and a beta of 1.08. The firm has a fifty day moving average price of $44.71 and a 200 day moving average price of $40.97. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. Citizens Financial Group, Inc. has a 12 month low of $30.24 and a 12 month high of $49.25.

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

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a dividend of $0.42 per share. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.68%. Citizens Financial Group’s dividend payout ratio is presently 66.14%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CFG. Piper Sandler boosted their target price on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Citigroup increased their target price on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Evercore ISI dropped their target price on 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. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, Barclays lifted their price objective 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 equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus price target of $46.94.

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.