Rhumbline Advisers Purchases 166,012 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Rhumbline Advisers grew its position in Citizens Financial Group, Inc. (NYSE:CFGGet Rating) by 26.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 802,302 shares of the bank’s stock after buying an additional 166,012 shares during the period. Rhumbline Advisers’ holdings in Citizens Financial Group were worth $28,634,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Raleigh Capital Management Inc. bought a new stake in shares of Citizens Financial Group in the 1st quarter valued at about $31,000. Private Capital Group LLC boosted its stake in Citizens Financial Group by 438.7% in the 2nd quarter. Private Capital Group LLC now owns 738 shares of the bank’s stock worth $26,000 after purchasing an additional 601 shares in the last quarter. CVA Family Office LLC boosted its stake in Citizens Financial Group by 655.0% in the 2nd quarter. CVA Family Office LLC now owns 755 shares of the bank’s stock worth $27,000 after purchasing an additional 655 shares in the last quarter. Evoke Wealth LLC boosted its stake in Citizens Financial Group by 79.2% in the 2nd quarter. Evoke Wealth LLC now owns 826 shares of the bank’s stock worth $29,000 after purchasing an additional 365 shares in the last quarter. Finally, Sageworth Trust Co of South Dakota acquired a new stake in Citizens Financial Group in the 2nd quarter worth approximately $31,000. 88.08% of the stock is currently owned by institutional investors.

Citizens Financial Group Stock Up 0.4 %

Shares of NYSE:CFG opened at $41.56 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a market capitalization of $20.47 billion, a PE ratio of 10.39 and a beta of 1.38. The firm’s 50-day moving average is $37.69 and its two-hundred day moving average is $37.68. Citizens Financial Group, Inc. has a 1 year low of $32.65 and a 1 year high of $57.00.

Citizens Financial Group (NYSE:CFGGet Rating) last issued its quarterly earnings results on Wednesday, October 19th. The bank reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.09. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.13 billion. Citizens Financial Group had a net margin of 24.05% and a return on equity of 10.88%. During the same period in the prior year, the firm earned $1.22 earnings per share. Analysts predict that Citizens Financial Group, Inc. will post 4.13 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 16th. Stockholders of record on Wednesday, November 2nd were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend was Tuesday, November 1st. Citizens Financial Group’s payout ratio is currently 42.00%.

Analyst Upgrades and Downgrades

CFG has been the subject of a number of recent analyst reports. Credit Suisse Group lifted their target price on shares of Citizens Financial Group from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 20th. Wedbush reiterated an “outperform” rating and issued a $44.00 target price on shares of Citizens Financial Group in a research note on Wednesday, September 28th. Citigroup lifted their target price on shares of Citizens Financial Group to $42.00 in a research note on Tuesday, November 15th. The Goldman Sachs Group lowered their target price on shares of Citizens Financial Group from $47.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, October 3rd. Finally, Compass Point reduced their price target on shares of Citizens Financial Group to $42.00 in a research report on Thursday, October 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Citizens Financial Group has a consensus rating of “Moderate Buy” and an average target price of $46.71.

Citizens Financial Group Profile

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Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association 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.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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