Citizens Financial Group, Inc. $CFG Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. increased its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 85.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 65,638 shares of the bank’s stock after buying an additional 30,266 shares during the period. Pacer Advisors Inc.’s holdings in Citizens Financial Group were worth $3,489,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Trust Co. of Vermont lifted its holdings in Citizens Financial Group by 177.5% in the second quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock worth $29,000 after acquiring an additional 410 shares during the last quarter. Investors Research Corp grew its holdings in shares of Citizens Financial Group by 344.8% during the second quarter. Investors Research Corp now owns 645 shares of the bank’s stock valued at $29,000 after purchasing an additional 500 shares during the last quarter. GoalVest Advisory LLC raised its position in shares of Citizens Financial Group by 16,900.0% during the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after purchasing an additional 676 shares during the period. REAP Financial Group LLC lifted its holdings in shares of Citizens Financial Group by 72.4% in the 2nd quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock worth $33,000 after purchasing an additional 309 shares during the last quarter. Finally, Capital A Wealth Management LLC lifted its holdings in shares of Citizens Financial Group by 3,970.0% in the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock worth $36,000 after purchasing an additional 794 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $58.93 on Wednesday. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $60.10. The stock has a market cap of $25.31 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.63 and a beta of 0.73. The stock’s 50 day moving average price is $54.44 and its 200 day moving average price is $51.04. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.84.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, October 15th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. Citizens Financial Group had a return on equity of 7.48% and a net margin of 14.17%.The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same period last year, the firm earned $0.79 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. Equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Wednesday, October 29th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, October 29th. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 3.1%. Citizens Financial Group’s dividend payout ratio is presently 51.54%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CFG. Baird R W downgraded Citizens Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Raymond James Financial set a $62.00 price target on shares of Citizens Financial Group and gave the company a “strong-buy” rating in a report on Tuesday, October 7th. Cantor Fitzgerald began coverage on shares of Citizens Financial Group in a report on Wednesday, September 10th. They issued an “overweight” rating and a $61.00 price objective on the stock. DA Davidson reiterated a “buy” rating and issued a $59.00 price objective on shares of Citizens Financial Group in a research report on Thursday, October 16th. Finally, Bank of America raised shares of Citizens Financial Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $52.00 to $65.00 in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $57.57.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.