Citizens Financial Group, Inc. (NYSE:CFG) Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lifted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 293.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,520 shares of the bank’s stock after acquiring an additional 5,608 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Citizens Financial Group were worth $309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Versor Investments LP acquired a new position in Citizens Financial Group in the third quarter valued at about $1,910,000. CWM LLC raised its position in Citizens Financial Group by 77.1% in the 2nd quarter. CWM LLC now owns 40,699 shares of the bank’s stock valued at $1,466,000 after purchasing an additional 17,718 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Citizens Financial Group during the second quarter worth about $5,009,000. Andra AP fonden increased its holdings in shares of Citizens Financial Group by 49.1% in the second quarter. Andra AP fonden now owns 308,300 shares of the bank’s stock valued at $11,108,000 after purchasing an additional 101,500 shares during the period. Finally, Pallas Capital Advisors LLC increased its stake in Citizens Financial Group by 138.9% in the 3rd quarter. Pallas Capital Advisors LLC now owns 25,620 shares of the bank’s stock valued at $1,069,000 after buying an additional 14,896 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Stock Down 0.8 %

CFG stock opened at $48.09 on Wednesday. The firm has a market cap of $21.19 billion, a PE ratio of 18.93, a P/E/G ratio of 1.81 and a beta of 1.07. Citizens Financial Group, Inc. has a 12 month low of $26.13 and a 12 month high of $49.25. The firm has a 50 day simple moving average of $43.14 and a 200 day simple moving average of $40.02. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities research analysts forecast that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group’s payout ratio is 66.14%.

Wall Street Analysts Forecast Growth

CFG has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. The Goldman Sachs Group boosted their target price on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday. Evercore ISI cut their price objective on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research report on Wednesday, October 2nd. Barclays lifted their price objective on 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. Finally, Citigroup increased their price target on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Citizens Financial Group presently has a consensus rating of “Hold” and an average price target of $45.47.

About Citizens Financial Group

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.