Citizens Financial Group, Inc. $CFG Shares Purchased by Lido Advisors LLC

Lido Advisors LLC boosted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 2,693.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 530,896 shares of the bank’s stock after acquiring an additional 511,888 shares during the quarter. Lido Advisors LLC’s holdings in Citizens Financial Group were worth $33,850,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CFG. BlackRock Inc. bought a new position in Citizens Financial Group in the 2nd quarter valued at $3,415,046,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Citizens Financial Group by 7,979.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 12,165,352 shares of the bank’s stock worth $775,663,000 after purchasing an additional 12,014,785 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Citizens Financial Group by 1,252.4% during the third quarter. Assenagon Asset Management S.A. now owns 9,204,563 shares of the bank’s stock worth $586,883,000 after purchasing an additional 8,523,938 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Citizens Financial Group by 4,682.2% during the third quarter. Commonwealth Equity Services LLC now owns 3,285,906 shares of the bank’s stock worth $209,509,000 after purchasing an additional 3,217,195 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Citizens Financial Group during the second quarter worth $223,386,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on CFG shares. Citigroup lowered their target price on shares of Citizens Financial Group from $84.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, October 20th. Evercore set a $74.00 price target on shares of Citizens Financial Group in a research note on Tuesday, October 27th. Barclays raised their price target on shares of Citizens Financial Group from $77.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Truist Financial decreased their price objective on shares of Citizens Financial Group from $77.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, October 20th. Finally, Bank of America lowered their price objective on shares of Citizens Financial Group from $82.00 to $76.00 in a research report on Thursday, October 8th. Seventeen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $76.79.

Citizens Financial Group Stock Down 0.3%

Shares of NYSE:CFG opened at $64.91 on Wednesday. Citizens Financial Group, Inc. has a 52-week low of $49.00 and a 52-week high of $75.33. The stock has a market cap of $27.21 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 0.59 and a beta of 0.74. The business’s 50 day moving average is $65.70 and its 200 day moving average is $65.65. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.74.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, October 16th. The bank reported $1.41 EPS for the quarter, topping the consensus estimate of $1.39 by $0.02. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $1.05 EPS. Sell-side 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 declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, October 30th. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.46. Citizens Financial Group’s dividend payout ratio is currently 41.85%.

Citizens Financial Group Company Profile

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.