Citizens Financial Group, Inc. $CFG Shares Bought by Blue Trust Inc.

Blue Trust Inc. grew its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 8.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,393 shares of the bank’s stock after acquiring an additional 784 shares during the period. Blue Trust Inc.’s holdings in Citizens Financial Group were worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Grove Bank & Trust raised its stake in shares of Citizens Financial Group by 97.1% in the first quarter. Grove Bank & Trust now owns 678 shares of the bank’s stock valued at $28,000 after acquiring an additional 334 shares in the last quarter. Investors Research Corp raised its position in Citizens Financial Group by 344.8% in the 2nd quarter. Investors Research Corp now owns 645 shares of the bank’s stock valued at $29,000 after purchasing an additional 500 shares in the last quarter. Trust Co. of Vermont raised its position in Citizens Financial Group by 177.5% in the 2nd quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock valued at $29,000 after purchasing an additional 410 shares in the last quarter. REAP Financial Group LLC boosted its stake 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 valued at $33,000 after buying an additional 309 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its position in shares of Citizens Financial Group by 143.4% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,076 shares of the bank’s stock worth $44,000 after buying an additional 634 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CFG shares. Keefe, Bruyette & Woods raised shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a report on Wednesday, July 9th. Evercore ISI increased their price objective on shares of Citizens Financial Group from $57.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Morgan Stanley raised shares of Citizens Financial Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $53.00 to $71.00 in a research report on Monday, September 29th. Cantor Fitzgerald assumed coverage on shares of Citizens Financial Group in a research note on Wednesday, September 10th. They set an “overweight” rating and a $61.00 target price for the company. Finally, Citigroup raised their price target on Citizens Financial Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.86.

Citizens Financial Group Trading Down 5.0%

Shares of Citizens Financial Group stock opened at $49.25 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.54. The company has a fifty day simple moving average of $51.06 and a 200-day simple moving average of $44.86. The stock has a market cap of $21.24 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 0.55 and a beta of 0.79. Citizens Financial Group, Inc. has a 12-month low of $32.60 and a 12-month high of $55.24.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Thursday, July 17th. The bank reported $0.92 EPS for the quarter, topping the consensus estimate of $0.88 by $0.04. Citizens Financial Group had a net margin of 13.26% and a return on equity of 6.94%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the business earned $0.82 EPS. Citizens Financial Group’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, July 31st were given a $0.42 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.4%. Citizens Financial Group’s dividend payout ratio is 51.06%.

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.