Orion Portfolio Solutions LLC Purchases 3,263 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Orion Portfolio Solutions LLC increased its position in Citizens Financial Group, Inc. (NYSE:CFG) by 9.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 38,986 shares of the bank’s stock after acquiring an additional 3,263 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Citizens Financial Group were worth $1,601,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CFG. Commerce Bank increased its position in Citizens Financial Group by 1.9% in the 3rd quarter. Commerce Bank now owns 13,177 shares of the bank’s stock valued at $541,000 after acquiring an additional 250 shares during the period. Cullen Frost Bankers Inc. increased its holdings in Citizens Financial Group by 12.7% in the second quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank’s stock valued at $84,000 after purchasing an additional 264 shares during the period. Cobblestone Capital Advisors LLC NY raised its position in Citizens Financial Group by 2.5% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 11,395 shares of the bank’s stock worth $468,000 after purchasing an additional 280 shares during the last quarter. ZWJ Investment Counsel Inc. raised its position in Citizens Financial Group by 0.3% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 88,829 shares of the bank’s stock worth $3,648,000 after purchasing an additional 308 shares during the last quarter. Finally, SYM FINANCIAL Corp lifted its holdings in Citizens Financial Group by 4.8% during the 3rd quarter. SYM FINANCIAL Corp now owns 6,976 shares of the bank’s stock worth $287,000 after buying an additional 322 shares during the period. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CFG. Piper Sandler increased their price target on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Barclays boosted their price target on shares of 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. DA Davidson upped their price objective on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Evercore ISI lowered their target price on shares of 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. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $46.94.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock opened at $45.69 on Friday. The business has a 50-day simple moving average of $44.71 and a 200 day simple moving average of $40.92. Citizens Financial Group, Inc. has a one year low of $30.24 and a one year 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 firm has a market capitalization of $20.14 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.76 and a beta of 1.08.

Citizens Financial Group (NYSE:CFG) last released 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 5.73% and a net margin of 10.37%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis. On average, research analysts anticipate that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 3.68%. 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.