Citizens Financial Group, Inc. $CFG Position Lifted by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC raised its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 451.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,909 shares of the bank’s stock after acquiring an additional 22,031 shares during the quarter. International Private Wealth Advisors LLC’s holdings in Citizens Financial Group were worth $1,716,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in CFG. BlackRock Inc. acquired a new position in shares of Citizens Financial Group during the 2nd quarter worth $3,415,046,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Citizens Financial Group by 7,979.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 12,165,352 shares of the bank’s stock valued at $775,663,000 after purchasing an additional 12,014,785 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Citizens Financial Group by 1,252.4% in the third quarter. Assenagon Asset Management S.A. now owns 9,204,563 shares of the bank’s stock valued at $586,883,000 after purchasing an additional 8,523,938 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Citizens Financial Group by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,719,160 shares of the bank’s stock worth $282,927,000 after buying an additional 28,602 shares in the last quarter. Finally, Amundi boosted its holdings in Citizens Financial Group by 31.2% during the second quarter. Amundi now owns 3,685,819 shares of the bank’s stock worth $258,265,000 after buying an additional 875,666 shares in the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citizens Financial Group in a report on Friday, October 30th. The Goldman Sachs Group reduced their price target on shares of Citizens Financial Group from $81.00 to $79.00 and set a “buy” rating for the company in a research report on Monday, October 19th. Evercore set a $74.00 price target on Citizens Financial Group in a research note on Tuesday, October 27th. Bank of America lowered their price target on Citizens Financial Group from $82.00 to $76.00 in a report on Thursday, October 8th. Finally, UBS Group lowered their price target on Citizens Financial Group from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $76.79.

Citizens Financial Group Stock Performance

Shares of CFG opened at $65.41 on Thursday. Citizens Financial Group, Inc. has a 12-month low of $49.00 and a 12-month high of $75.33. The stock has a market cap of $27.42 billion, a P/E ratio of 13.16, a PEG ratio of 0.59 and a beta of 0.74. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average of $65.65 and a two-hundred day moving average of $65.67.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, October 16th. The bank reported $1.41 EPS for the quarter, beating the consensus estimate of $1.39 by $0.02. Citizens Financial Group had a net margin of 18.07% and a return on equity of 9.52%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the business earned $1.05 earnings per share. As a group, research analysts predict that Citizens Financial Group, Inc. will post 5.30 EPS for the current fiscal year.

Citizens Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, October 30th. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.46. Citizens Financial Group’s dividend payout ratio is currently 41.85%.

About Citizens Financial Group

Citizens Financial Group, Inc. is a bank holding company headquartered in Providence, Rhode Island. Through Citizens Bank and related businesses, it provides retail and commercial banking services to individuals, businesses and institutions. Its offerings include checking and savings accounts, mortgages, personal and business loans, credit cards, wealth management, and commercial lending and cash-management services. The company also provides capital markets and other financial services to corporate clients.