Check Capital Management Inc. CA acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,000 shares of the bank’s stock, valued at approximately $606,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its position in Citizens Financial Group by 86.8% during the third quarter. Ameriprise Financial Inc. now owns 3,148,345 shares of the bank’s stock worth $119,226,000 after purchasing an additional 1,462,774 shares during the last quarter. Commonwealth Equity Services Inc acquired a new stake in Citizens Financial Group during the third quarter worth about $659,000. RKL Wealth Management LLC increased its position in Citizens Financial Group by 22.7% during the third quarter. RKL Wealth Management LLC now owns 27,741 shares of the bank’s stock worth $1,047,000 after purchasing an additional 5,135 shares during the last quarter. Putnam FL Investment Management Co. acquired a new stake in Citizens Financial Group during the third quarter worth about $14,110,000. Finally, Comerica Bank increased its position in Citizens Financial Group by 2.2% during the third quarter. Comerica Bank now owns 149,733 shares of the bank’s stock worth $5,702,000 after purchasing an additional 3,223 shares during the last quarter. Hedge funds and other institutional investors own 98.15% of the company’s stock.

Citizens Financial Group, Inc. (NYSE:CFG) traded down $0.22 during midday trading on Friday, hitting $37.92. 3,584,200 shares of the stock traded hands, compared to its average volume of 4,720,415. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.67. Citizens Financial Group, Inc. has a twelve month low of $30.69 and a twelve month high of $39.75. The stock has a market capitalization of $18,860.00, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, October 20th. The bank reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.04. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm posted $0.52 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. analysts forecast that Citizens Financial Group, Inc. will post 2.59 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Tuesday, October 31st. Citizens Financial Group’s payout ratio is 29.15%.

Several equities research analysts recently issued reports on the stock. TheStreet upgraded shares of Citizens Financial Group from a “c” rating to a “b-” rating in a research report on Monday, August 7th. BidaskClub cut shares of Citizens Financial Group from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Zacks Investment Research cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BMO Capital Markets restated a “market perform” rating and set a $39.00 price objective (up from $38.00) on shares of Citizens Financial Group in a research report on Tuesday, July 25th. Finally, Deutsche Bank AG restated a “hold” rating and set a $36.00 price objective (up from $34.00) on shares of Citizens Financial Group in a research report on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $39.14.

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About Citizens Financial Group

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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