Stieven Capital Advisors L.P. Has $12.61 Million Holdings in Citizens Financial Group, Inc. (CFG)
Stieven Capital Advisors L.P. decreased its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 0.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 333,100 shares of the bank’s stock after selling 1,500 shares during the quarter. Citizens Financial Group accounts for about 2.4% of Stieven Capital Advisors L.P.’s portfolio, making the stock its 13th largest holding. Stieven Capital Advisors L.P. owned approximately 0.07% of Citizens Financial Group worth $12,614,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of CFG. Sun Life Financial INC raised its stake in Citizens Financial Group by 41,266.7% in the 2nd quarter. Sun Life Financial INC now owns 3,723 shares of the bank’s stock worth $133,000 after purchasing an additional 3,714 shares in the last quarter. Smithfield Trust Co. raised its stake in Citizens Financial Group by 1.4% in the 2nd quarter. Smithfield Trust Co. now owns 4,994 shares of the bank’s stock worth $178,000 after purchasing an additional 70 shares in the last quarter. Lipe & Dalton acquired a new stake in Citizens Financial Group in the 3rd quarter worth about $207,000. Colony Group LLC acquired a new stake in Citizens Financial Group in the 2nd quarter worth about $210,000. Finally, Courier Capital LLC bought a new position in Citizens Financial Group in the 2nd quarter valued at about $214,000. Institutional investors and hedge funds own 95.63% of the company’s stock.
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Citizens Financial Group, Inc. (CFG) opened at $37.83 on Friday. The company has a market cap of $18,612.04, a PE ratio of 15.32, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. Citizens Financial Group, Inc. has a 1-year low of $31.51 and a 1-year high of $39.75.
Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, October 20th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 EPS. equities research analysts predict that Citizens Financial Group, Inc. will post 2.59 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Tuesday, October 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 29.15%.
Several research firms have commented on CFG. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Monday, September 18th. Citigroup Inc. reissued a “neutral” rating and issued a $42.00 target price (up from $38.00) on shares of Citizens Financial Group in a report on Monday, October 9th. BidaskClub raised shares of Citizens Financial Group from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Citizens Financial Group in a report on Monday, October 23rd. Finally, Keefe, Bruyette & Woods set a $40.00 target price on shares of Citizens Financial Group and gave the company a “buy” rating in a report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $40.00.
Citizens Financial Group Company Profile
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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