Capital International Investors Buys 138,688 Shares of Citizens Financial Group, Inc. $CFG

Capital International Investors boosted its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 2.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,047,378 shares of the bank’s stock after buying an additional 138,688 shares during the quarter. Capital International Investors’ holdings in Citizens Financial Group were worth $321,534,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. True Wealth Design LLC grew its holdings in shares of Citizens Financial Group by 891.5% during the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after acquiring an additional 526 shares during the period. Capital A Wealth Management LLC raised its position in shares of Citizens Financial Group by 3,970.0% in the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock worth $36,000 after acquiring an additional 794 shares in the last quarter. State of Wyoming purchased a new position in shares of Citizens Financial Group in the 2nd quarter valued at approximately $39,000. Kestra Investment Management LLC lifted its stake in shares of Citizens Financial Group by 2,703.0% in the 2nd quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock valued at $41,000 after purchasing an additional 892 shares during the period. Finally, SJS Investment Consulting Inc. boosted its position in shares of Citizens Financial Group by 3,569.2% during the third quarter. SJS Investment Consulting Inc. now owns 954 shares of the bank’s stock valued at $51,000 after purchasing an additional 928 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on CFG shares. Weiss Ratings upgraded Citizens Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Robert W. Baird upgraded shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 target price on the stock in a report on Monday. Citigroup upped their target price on shares of Citizens Financial Group from $65.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Evercore increased their price target on shares of Citizens Financial Group from $69.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Finally, Raymond James Financial cut shares of Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and lifted their price target for the company from $62.00 to $66.00 in a research report on Wednesday, January 7th. Twenty analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.95.

Citizens Financial Group Price Performance

CFG opened at $58.87 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85. The stock has a market capitalization of $25.02 billion, a P/E ratio of 15.21, a P/E/G ratio of 0.47 and a beta of 0.70. The company’s 50-day simple moving average is $62.51 and its two-hundred day simple moving average is $56.55. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week high of $68.79.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th were issued a $0.46 dividend. The ex-dividend date was Wednesday, February 4th. This represents a $1.84 annualized dividend and a yield of 3.1%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 47.55%.

Citizens Financial Group Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.