Citizens Financial Group, Inc. $CFG Holdings Increased by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. raised its position in Citizens Financial Group, Inc. (NYSE:CFG) by 4,857.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 11,302 shares of the bank’s stock after purchasing an additional 11,074 shares during the period. Physician Wealth Advisors Inc.’s holdings in Citizens Financial Group were worth $721,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Citizens Financial Group during the second quarter worth about $3,415,046,000. Robeco Institutional Asset Management B.V. grew its stake in Citizens Financial Group by 7,979.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 12,165,352 shares of the bank’s stock valued at $775,663,000 after acquiring an additional 12,014,785 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Citizens Financial Group by 1,252.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 9,204,563 shares of the bank’s stock valued at $586,883,000 after acquiring an additional 8,523,938 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Citizens Financial Group by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,719,160 shares of the bank’s stock valued at $282,927,000 after acquiring an additional 28,602 shares during the last quarter. Finally, Amundi raised its holdings in Citizens Financial Group by 31.2% in the 2nd quarter. Amundi now owns 3,685,819 shares of the bank’s stock valued at $258,265,000 after acquiring an additional 875,666 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Bruce Van Saun sold 129,369 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $72.07, for a total value of $9,323,623.83. Following the sale, the chief executive officer directly owned 1,140,763 shares in the company, valued at approximately $82,214,789.41. This trade represents a 10.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on CFG. Keefe, Bruyette & Woods boosted their target price on Citizens Financial Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Royal Bank Of Canada dropped their price target on Citizens Financial Group from $79.00 to $74.00 and set an “outperform” rating for the company in a research report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citizens Financial Group in a report on Monday, August 3rd. Argus set a $80.00 price objective on Citizens Financial Group in a research report on Wednesday, July 29th. Finally, Evercore reiterated an “outperform” rating and set a $78.00 price objective on shares of Citizens Financial Group in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.47.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $64.25 on Wednesday. The firm’s 50 day moving average price is $67.66 and its 200-day moving average price is $67.16. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.86 and a current ratio of 0.86. Citizens Financial Group, Inc. has a one year low of $49.00 and a one year high of $75.33. The firm has a market cap of $27.06 billion, a P/E ratio of 12.93, a P/E/G ratio of 0.57 and a beta of 0.72.

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

Citizens Financial Group Increases Dividend

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

Citizens Financial Group Profile

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Its principal subsidiary, Citizens Bank, provides banking and financial services to consumers, small businesses, middle-market companies, large corporations and institutional clients.

The company offers consumer deposit accounts, residential mortgages, home equity financing, credit cards, personal loans and other lending products. Its commercial banking activities include business loans, equipment financing, treasury management, capital markets services and investment banking.