Wilmington Savings Fund Society FSB Makes New $89,000 Investment in Citizens Financial Group, Inc. (NYSE:CFG)

Wilmington Savings Fund Society FSB bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,175 shares of the bank’s stock, valued at approximately $89,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CFG. State Street Corp increased its holdings in Citizens Financial Group by 6.7% during the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock worth $1,060,689,000 after purchasing an additional 1,615,144 shares during the period. Wellington Management Group LLP increased its stake in shares of Citizens Financial Group by 207.2% during the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock valued at $339,733,000 after buying an additional 5,579,313 shares during the period. LSV Asset Management increased its stake in shares of Citizens Financial Group by 1.8% during the second quarter. LSV Asset Management now owns 6,580,797 shares of the bank’s stock valued at $237,106,000 after buying an additional 113,300 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Citizens Financial Group by 15.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock valued at $159,550,000 after acquiring an additional 587,115 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Citizens Financial Group by 61.4% during the 2nd quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock worth $155,909,000 after acquiring an additional 1,682,886 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Barclays upped 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. Evercore ISI lowered their target price on 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. Citigroup lifted their price target on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods upped their price objective on Citizens Financial Group from $46.00 to $53.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.41.

Citizens Financial Group Trading Up 2.4 %

NYSE:CFG opened at $43.45 on Friday. The company has a market capitalization of $19.15 billion, a P/E ratio of 17.11, a PEG ratio of 1.76 and a beta of 1.08. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. Citizens Financial Group, Inc. has a 12 month low of $30.24 and a 12 month high of $49.25. The firm has a fifty day simple moving average of $44.93 and a 200-day simple moving average of $41.24.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting 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 analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The firm’s revenue was down 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were issued a $0.42 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 3.87%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 66.14%.

Citizens Financial Group 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.