Citizens Financial Group, Inc. (NYSE:CFG) Shares Acquired by Old Port Advisors

Old Port Advisors lifted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 1.4% in the third quarter, Holdings Channel reports. The firm owned 32,366 shares of the bank’s stock after buying an additional 451 shares during the period. Old Port Advisors’ holdings in Citizens Financial Group were worth $1,329,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Citizens Financial Group by 35.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,203 shares of the bank’s stock worth $2,838,000 after acquiring an additional 20,649 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Citizens Financial Group by 101.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock valued at $27,641,000 after purchasing an additional 383,947 shares in the last quarter. Duality Advisers LP acquired a new position in Citizens Financial Group during the 1st quarter valued at approximately $1,180,000. SG Americas Securities LLC lifted its stake in shares of Citizens Financial Group by 642.6% during the first quarter. SG Americas Securities LLC now owns 272,676 shares of the bank’s stock worth $9,895,000 after buying an additional 235,958 shares during the period. Finally, UniSuper Management Pty Ltd lifted its stake in shares of Citizens Financial Group by 1,045.4% during the first quarter. UniSuper Management Pty Ltd now owns 25,692 shares of the bank’s stock worth $932,000 after buying an additional 23,449 shares during the period. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group Trading Up 3.0 %

Shares of Citizens Financial Group stock opened at $42.74 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87. Citizens Financial Group, Inc. has a fifty-two week low of $22.81 and a fifty-two week high of $44.39. The firm has a 50-day simple moving average of $41.48 and a two-hundred day simple moving average of $38.41. The company has a market cap of $19.45 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07.

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

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.93%. Citizens Financial Group’s dividend payout ratio is currently 60.87%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CFG shares. Keefe, Bruyette & Woods raised their target price on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a research note on Monday, September 30th. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Morgan Stanley upped their target price on Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. DA Davidson raised their price target on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Finally, UBS Group upped their price objective on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $43.80.

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.