Leuthold Group LLC Purchases New Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Leuthold Group LLC acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 101,442 shares of the bank’s stock, valued at approximately $4,166,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CFG. Hennion & Walsh Asset Management Inc. grew its stake in shares of Citizens Financial Group by 21.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 11,460 shares of the bank’s stock valued at $416,000 after buying an additional 1,991 shares in the last quarter. Diversified Trust Co increased its stake in shares of Citizens Financial Group by 5.7% during the 1st quarter. Diversified Trust Co now owns 10,532 shares of the bank’s stock worth $382,000 after purchasing an additional 570 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in shares of Citizens Financial Group during the 1st quarter valued at $1,037,000. MV Capital Management Inc. lifted its stake in shares of Citizens Financial Group by 141.1% in the 1st quarter. MV Capital Management Inc. now owns 65,773 shares of the bank’s stock valued at $2,387,000 after purchasing an additional 38,491 shares during the last quarter. Finally, Norden Group LLC bought a new stake in Citizens Financial Group in the first quarter worth $786,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CFG. Piper Sandler raised their target price on Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Stephens raised their price objective on Citizens Financial Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Evercore ISI dropped their price target on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada upped their price objective on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $43.80.

Citizens Financial Group Stock Down 0.6 %

Shares of CFG stock opened at $41.51 on Monday. Citizens Financial Group, Inc. has a one year low of $22.77 and a one year 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 stock has a fifty day moving average price of $41.45 and a 200 day moving average price of $38.34. The stock has a market cap of $18.89 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07.

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

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th will be issued a $0.42 dividend. The ex-dividend date 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 payout ratio 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.