SG Americas Securities LLC Buys 513,535 Shares of Citizens Financial Group, Inc. $CFG

SG Americas Securities LLC boosted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 562.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 604,834 shares of the bank’s stock after buying an additional 513,535 shares during the quarter. SG Americas Securities LLC owned approximately 0.14% of Citizens Financial Group worth $27,066,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AustralianSuper Pty Ltd acquired a new position in shares of Citizens Financial Group in the first quarter worth approximately $108,864,000. Assetmark Inc. lifted its position in shares of Citizens Financial Group by 11,167.0% in the 1st quarter. Assetmark Inc. now owns 1,347,537 shares of the bank’s stock worth $55,209,000 after purchasing an additional 1,335,577 shares during the period. AQR Capital Management LLC boosted its stake in shares of Citizens Financial Group by 19.1% in the 1st quarter. AQR Capital Management LLC now owns 7,366,754 shares of the bank’s stock valued at $294,007,000 after purchasing an additional 1,180,390 shares during the last quarter. Nordea Investment Management AB increased its position in shares of 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 worth $287,932,000 after buying an additional 1,098,684 shares during the period. Finally, Swedbank AB raised its stake in Citizens Financial Group by 291.5% during the second quarter. Swedbank AB now owns 1,352,458 shares of the bank’s stock worth $60,522,000 after buying an additional 1,006,999 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Trading Up 0.1%

Shares of Citizens Financial Group stock opened at $51.74 on Friday. The stock has a market capitalization of $22.22 billion, a PE ratio of 14.49, a price-to-earnings-growth 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. The stock has a 50 day moving average price of $51.81 and a two-hundred day moving average price of $47.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, October 15th. The bank reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Citizens Financial Group had a return on equity of 7.48% and a net margin of 14.17%.Citizens Financial Group’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business earned $0.79 EPS. As a group, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal 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 issued a dividend of $0.46 per share. 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%. The ex-dividend date was Wednesday, October 29th. Citizens Financial Group’s dividend payout ratio is 51.54%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Citizens Financial Group in a research report on Thursday. Cantor Fitzgerald started coverage on Citizens Financial Group in a research report on Wednesday, September 10th. They set an “overweight” rating and a $61.00 target price on the stock. Barclays raised their target price on Citizens Financial Group from $55.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 16th. Raymond James Financial set a $62.00 price target on Citizens Financial Group and gave the company a “strong-buy” rating in a research note on Tuesday, October 7th. Finally, Stephens restated an “overweight” rating and set a $60.00 price target on shares of Citizens Financial Group in a report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $56.57.

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.