Clear Harbor Asset Management LLC Increases Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Clear Harbor Asset Management LLC increased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 5.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 21,382 shares of the bank’s stock after acquiring an additional 1,162 shares during the period. Clear Harbor Asset Management LLC’s holdings in Citizens Financial Group were worth $878,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in shares of Citizens Financial Group during the second quarter worth $25,000. Versant Capital Management Inc lifted its holdings in Citizens Financial Group by 262.8% in the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock worth $34,000 after buying an additional 678 shares in the last quarter. Private Ocean LLC boosted its position in Citizens Financial Group by 484.4% in the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock valued at $36,000 after buying an additional 838 shares during the last quarter. Friedenthal Financial acquired a new stake in shares of Citizens Financial Group during the third quarter valued at about $50,000. Finally, Claro Advisors LLC purchased a new stake in shares of Citizens Financial Group during the third quarter worth about $50,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

CFG has been the subject of a number of analyst reports. Evercore ISI reduced their price target on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods raised their price target on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a research report on Monday, September 30th. Morgan Stanley lifted their price target on shares of Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Piper Sandler increased their price objective on shares of Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Barclays boosted their target price on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $43.80.

Citizens Financial Group Trading Down 0.6 %

NYSE:CFG opened at $41.51 on Monday. Citizens Financial Group, Inc. has a 12-month low of $22.77 and a 12-month high of $44.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86. The business has a 50 day simple moving average of $41.45 and a 200 day simple moving average of $38.34. The firm has a market capitalization of $18.89 billion, a P/E ratio of 15.04, a P/E/G ratio of 1.42 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Equities research analysts predict that Citizens Financial Group, Inc. will post 3.22 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.05%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 60.87%.

Citizens Financial Group Profile

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.