Profund Advisors LLC Has $340,000 Stock Holdings in Citizens Financial Group, Inc. $CFG

Profund Advisors LLC trimmed its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 14.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 7,600 shares of the bank’s stock after selling 1,317 shares during the quarter. Profund Advisors LLC’s holdings in Citizens Financial Group were worth $340,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CFG. Fuller & Thaler Asset Management Inc. raised its stake in shares of Citizens Financial Group by 7.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 10,380,605 shares of the bank’s stock worth $425,293,000 after purchasing an additional 697,494 shares in the last quarter. AQR Capital Management LLC increased its holdings in Citizens Financial Group by 19.1% in the first quarter. AQR Capital Management LLC now owns 7,366,754 shares of the bank’s stock worth $294,007,000 after buying an additional 1,180,390 shares during the last quarter. Royal Bank of Canada increased its holdings in Citizens Financial Group by 8.9% in the first quarter. Royal Bank of Canada now owns 6,801,856 shares of the bank’s stock worth $278,672,000 after buying an additional 554,618 shares during the last quarter. Nordea Investment Management AB raised its position in Citizens Financial Group by 20.7% during the second quarter. Nordea Investment Management AB now owns 6,399,905 shares of the bank’s stock valued at $287,932,000 after acquiring an additional 1,098,684 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Citizens Financial Group by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,730,786 shares of the bank’s stock valued at $193,782,000 after acquiring an additional 41,704 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CFG. Truist Financial decreased their target price on shares of Citizens Financial Group from $58.00 to $56.00 and set a “hold” rating for the company in a research report on Friday, October 17th. Raymond James Financial set a $62.00 price objective on shares of Citizens Financial Group and gave the stock a “strong-buy” rating in a report on Tuesday, October 7th. Bank of America upgraded Citizens Financial Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $52.00 to $65.00 in a report on Thursday, October 9th. DA Davidson reaffirmed a “buy” rating and issued a $59.00 price target on shares of Citizens Financial Group in a research report on Thursday, October 16th. Finally, Evercore ISI increased their price objective on Citizens Financial Group from $57.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $56.57.

Citizens Financial Group Trading Up 0.1%

Shares of NYSE:CFG opened at $51.74 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85. The stock’s 50-day moving average is $51.81 and its 200-day moving average is $47.33. The company has a market cap of $22.22 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.55 and a beta of 0.82. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week high of $55.24.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, October 15th. The bank reported $1.05 earnings per share for the quarter, topping the consensus estimate 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 in the previous year, the firm earned $0.79 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. Equities research analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Wednesday, October 29th were given a $0.46 dividend. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Wednesday, October 29th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 51.54%.

Citizens Financial Group Profile

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.