Citizens Financial Group, Inc. (NYSE:CFG) Stock Position Lifted by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY lifted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,395 shares of the bank’s stock after acquiring an additional 280 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Citizens Financial Group were worth $468,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Innealta Capital LLC acquired a new position in Citizens Financial Group in the second quarter worth $25,000. Costello Asset Management INC bought a new position in shares of Citizens Financial Group in the 3rd quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at about $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at about $28,000. Finally, Versant Capital Management Inc raised its stake in Citizens Financial Group by 262.8% during the second quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock worth $34,000 after acquiring an additional 678 shares during the period. 94.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on CFG. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods boosted their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a research report on Monday, September 30th. Barclays increased their target price 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. Evercore ISI reduced their price target on shares of 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. Finally, The Goldman Sachs Group upped their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $45.47.

Citizens Financial Group Trading Down 0.0 %

Citizens Financial Group stock opened at $48.14 on Monday. Citizens Financial Group, Inc. has a 12-month low of $26.99 and a 12-month high of $49.25. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. The stock has a market capitalization of $21.22 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 1.83 and a beta of 1.07. The firm has a 50 day simple moving average of $43.54 and a 200-day simple moving average of $40.26.

Citizens Financial Group (NYSE:CFG) last issued its quarterly 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 firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company posted $0.85 EPS. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. As a group, equities research analysts expect that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis 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%.

Citizens Financial Group Company 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.