Citizens Financial Group Inc. (CFG) Shares Bought by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. raised its stake in Citizens Financial Group Inc. (NYSE:CFG) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,620,599 shares of the company’s stock after buying an additional 69,277 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.70% of Citizens Financial Group worth $89,466,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in CFG. Toronto Dominion Bank increased its stake in shares of Citizens Financial Group by 238.5% in the third quarter. Toronto Dominion Bank now owns 15,255 shares of the company’s stock valued at $377,000 after buying an additional 10,748 shares in the last quarter. Hosking Partners LLP increased its stake in Citizens Financial Group by 13.4% in the third quarter. Hosking Partners LLP now owns 1,503,129 shares of the company’s stock worth $37,142,000 after buying an additional 177,680 shares during the period. KBC Group NV increased its stake in Citizens Financial Group by 8.9% in the third quarter. KBC Group NV now owns 90,118 shares of the company’s stock worth $2,227,000 after buying an additional 7,390 shares during the period. Bank of New York Mellon Corp increased its stake in Citizens Financial Group by 11.3% in the third quarter. Bank of New York Mellon Corp now owns 7,414,400 shares of the company’s stock worth $183,208,000 after buying an additional 754,908 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Citizens Financial Group by 6.5% in the third quarter. Victory Capital Management Inc. now owns 4,663,894 shares of the company’s stock worth $115,245,000 after buying an additional 285,588 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.
Shares of Citizens Financial Group Inc. (NYSE:CFG) opened at 31.78 on Tuesday. The firm has a market cap of $16.47 billion, a price-to-earnings ratio of 17.27 and a beta of 1.10. Citizens Financial Group Inc. has a one year low of $18.04 and a one year high of $32.63. The stock’s 50 day moving average price is $27.85 and its 200 day moving average price is $24.08.
Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, October 21st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. Citizens Financial Group had a return on equity of 4.88% and a net margin of 17.53%. The company earned $1.38 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the firm posted $0.40 earnings per share. The business’s revenue was up 14.1% on a year-over-year basis. On average, equities analysts anticipate that Citizens Financial Group Inc. will post $1.93 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 16th. Stockholders of record on Wednesday, November 2nd were given a $0.12 dividend. The ex-dividend date was Monday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.50%. Citizens Financial Group’s payout ratio is 25.95%.
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A number of equities research analysts have recently weighed in on the company. Oppenheimer Holdings Inc. set a $25.00 price target on Citizens Financial Group and gave the stock a “buy” rating in a research note on Friday, October 21st. Zacks Investment Research downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. Wedbush raised their price target on Citizens Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, October 24th. Citigroup Inc. raised their price target on Citizens Financial Group from $23.00 to $26.00 in a research note on Thursday, September 8th. Finally, Sandler O’Neill downgraded Citizens Financial Group from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a research note on Monday, November 14th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.21.
About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals, institutions and companies. The Company operates in two segments: Consumer Banking and Commercial Banking. The Company’s Consumer Banking serves retail customers and small businesses.
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