Citizens Financial Group, Inc. $CFG Shares Purchased by Keybank National Association OH

Keybank National Association OH increased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 146.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,142 shares of the bank’s stock after purchasing an additional 29,180 shares during the quarter. Keybank National Association OH’s holdings in Citizens Financial Group were worth $2,199,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Trust Co. of Vermont lifted its holdings in shares of Citizens Financial Group by 177.5% during the second quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock worth $29,000 after purchasing an additional 410 shares during the period. Investors Research Corp lifted its holdings in shares of Citizens Financial Group by 344.8% during the second quarter. Investors Research Corp now owns 645 shares of the bank’s stock worth $29,000 after purchasing an additional 500 shares during the period. GoalVest Advisory LLC lifted its holdings in shares of Citizens Financial Group by 16,900.0% during the second quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after purchasing an additional 676 shares during the period. REAP Financial Group LLC lifted its holdings in shares of Citizens Financial Group by 72.4% during the second quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock worth $33,000 after purchasing an additional 309 shares during the period. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Citizens Financial Group by 143.4% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,076 shares of the bank’s stock worth $44,000 after purchasing an additional 634 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Trading Up 0.6%

Shares of CFG stock opened at $50.89 on Friday. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $55.24. The stock has a market cap of $21.95 billion, a P/E ratio of 14.26, a P/E/G ratio of 0.54 and a beta of 0.79. The business has a fifty day simple moving average of $51.84 and a 200-day simple moving average of $46.32. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.44.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, October 15th. The bank reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. Citizens Financial Group had a return on equity of 7.48% and a net margin of 14.17%.The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same quarter last year, the business posted $0.79 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Wednesday, October 29th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, October 29th. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.6%. Citizens Financial Group’s dividend payout ratio is 51.54%.

Analyst Ratings Changes

A number of brokerages recently weighed in on CFG. JPMorgan Chase & Co. raised Citizens Financial Group from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $48.50 to $52.00 in a report on Friday, August 1st. Bank of America raised Citizens Financial Group from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $52.00 to $65.00 in a report on Thursday, October 9th. Barclays upped their price objective on Citizens Financial Group from $55.00 to $56.00 and gave the stock an “equal weight” rating in a report on Thursday, October 16th. Raymond James Financial set a $62.00 price objective on Citizens Financial Group and gave the stock a “strong-buy” rating in a report on Tuesday, October 7th. Finally, Citigroup upped their price objective on Citizens Financial Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus target price of $56.57.

About Citizens Financial Group

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.