Cubist Systematic Strategies LLC raised its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 74.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,913 shares of the bank’s stock after acquiring an additional 37,406 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Citizens Financial Group were worth $3,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Point72 Asset Management L.P. boosted its stake in shares of Citizens Financial Group by 927.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 500,395 shares of the bank’s stock worth $18,950,000 after acquiring an additional 451,695 shares during the last quarter. Claar Advisors LLC boosted its stake in shares of Citizens Financial Group by 575.4% during the 3rd quarter. Claar Advisors LLC now owns 343,730 shares of the bank’s stock worth $13,017,000 after acquiring an additional 292,838 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Citizens Financial Group by 12.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 98,622 shares of the bank’s stock worth $3,736,000 after acquiring an additional 10,730 shares during the last quarter. First Republic Investment Management Inc. boosted its stake in shares of Citizens Financial Group by 23.6% during the 3rd quarter. First Republic Investment Management Inc. now owns 7,649 shares of the bank’s stock worth $290,000 after acquiring an additional 1,458 shares during the last quarter. Finally, Jacobs Asset Management LLC boosted its stake in shares of Citizens Financial Group by 18.7% during the 3rd quarter. Jacobs Asset Management LLC now owns 500,000 shares of the bank’s stock worth $18,935,000 after acquiring an additional 78,600 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Shares of Citizens Financial Group Inc (NYSE CFG) opened at $41.92 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. The stock has a market cap of $20,378.28, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 1.06 and a beta of 1.37. Citizens Financial Group Inc has a fifty-two week low of $31.51 and a fifty-two week high of $42.52.

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 analysts’ consensus estimates of $0.64 by $0.04. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. Citizens Financial Group’s revenue for the quarter was up 4.6% compared to the same quarter last year. 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. Shareholders of record on Wednesday, November 1st were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.72%. Citizens Financial Group’s dividend payout ratio is currently 29.15%.

CFG has been the topic of several recent analyst reports. TheStreet upgraded shares of Citizens Financial Group from a “c” rating to an “a+” rating in a research report on Monday, November 27th. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Wednesday, October 25th. Barclays raised their price objective on shares of Citizens Financial Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Deutsche Bank 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. Finally, Oppenheimer restated a “hold” rating on shares of Citizens Financial Group in a research report on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Citizens Financial Group has an average rating of “Hold” and a consensus target price of $40.23.

In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of Citizens Financial Group stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.31, for a total value of $161,240.00. Following the sale, the director now directly owns 12,917 shares in the company, valued at approximately $520,684.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

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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.

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

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