Citizens Financial Group, Inc. (NYSE:CFG) Shares Purchased by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. boosted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 0.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 820,700 shares of the bank’s stock after purchasing an additional 3,534 shares during the period. Citizens Financial Group comprises approximately 1.7% of Basswood Capital Management L.L.C.’s investment portfolio, making the stock its 17th biggest holding. Basswood Capital Management L.L.C.’s holdings in Citizens Financial Group were worth $33,706,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Versor Investments LP purchased a new position in shares of Citizens Financial Group during the 3rd quarter valued at approximately $1,910,000. CWM LLC increased its holdings in Citizens Financial Group by 77.1% in the second quarter. CWM LLC now owns 40,699 shares of the bank’s stock valued at $1,466,000 after buying an additional 17,718 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Citizens Financial Group in the second quarter worth about $5,009,000. Pathstone Holdings LLC boosted its stake in shares of Citizens Financial Group by 7.7% during the 3rd quarter. Pathstone Holdings LLC now owns 154,546 shares of the bank’s stock worth $6,347,000 after acquiring an additional 11,044 shares in the last quarter. Finally, Andra AP fonden boosted its stake in shares of Citizens Financial Group by 49.1% during the 2nd quarter. Andra AP fonden now owns 308,300 shares of the bank’s stock worth $11,108,000 after acquiring an additional 101,500 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CFG has been the subject of several recent analyst reports. Evercore ISI cut their price target on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research note on Wednesday, October 2nd. Citigroup increased their target price on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods lifted their price target on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a research note on Monday, September 30th. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group lifted their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Citizens Financial Group has an average rating of “Hold” and an average target price of $45.47.

Citizens Financial Group Trading Down 0.0 %

CFG opened at $48.14 on Monday. 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 company’s 50 day simple moving average is $43.54 and its two-hundred day simple moving average is $40.26. The firm has a market capitalization of $21.22 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.83 and a beta of 1.07. Citizens Financial Group, Inc. has a 1-year low of $26.99 and a 1-year high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced 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 firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm’s revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 earnings per share. Analysts expect that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio is currently 66.14%.

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.