Vest Financial LLC Buys 130,214 Shares of Citizens Financial Group, Inc. $CFG

Vest Financial LLC increased its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 431.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 160,380 shares of the bank’s stock after purchasing an additional 130,214 shares during the quarter. Vest Financial LLC’s holdings in Citizens Financial Group were worth $10,226,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. PFS Partners LLC lifted its position in shares of Citizens Financial Group by 9,313.3% during the 3rd quarter. PFS Partners LLC now owns 2,824 shares of the bank’s stock valued at $180,000 after buying an additional 2,794 shares during the last quarter. Hoese & Co LLP bought a new position in shares of Citizens Financial Group during the 3rd quarter worth $319,000. Crossmark Global Holdings Inc. grew its stake in shares of Citizens Financial Group by 55.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 133,626 shares of the bank’s stock worth $8,520,000 after acquiring an additional 47,605 shares during the period. Arvest Investments Inc. grew its stake in shares of Citizens Financial Group by 123.5% during the 3rd quarter. Arvest Investments Inc. now owns 55,782 shares of the bank’s stock worth $3,557,000 after acquiring an additional 30,819 shares during the period. Finally, Albion Financial Group UT purchased a new stake in Citizens Financial Group in the 3rd quarter worth about $451,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. UBS Group decreased their price objective on Citizens Financial Group from $82.00 to $77.00 and set a “buy” rating for the company in a report on Monday, October 5th. DA Davidson set a $82.00 price objective on shares of Citizens Financial Group in a report on Monday. Truist Financial dropped their price objective on shares of Citizens Financial Group from $77.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday. Jefferies Financial Group increased their target price on shares of Citizens Financial Group from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Citizens Financial Group in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.47.

Citizens Financial Group Trading Up 0.5%

Shares of CFG stock opened at $65.22 on Friday. The company’s fifty day simple moving average is $67.30 and its two-hundred day simple moving average is $67.22. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.86 and a quick ratio of 0.86. Citizens Financial Group, Inc. has a 1 year low of $49.00 and a 1 year high of $75.33. The stock has a market capitalization of $27.47 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 0.59 and a beta of 0.72.

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

Citizens Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid 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 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 presently 37.02%.

About Citizens Financial Group

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.