Citizens Financial Group, Inc. $CFG Stock Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC increased its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 94,191.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,233,279 shares of the bank’s stock after purchasing an additional 112,114,251 shares during the period. Citizens Financial Group makes up 2.1% of Fisher Asset Management LLC’s portfolio, making the stock its 11th biggest position. Fisher Asset Management LLC owned about 0.27% of Citizens Financial Group worth $7,155,994,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CFG. SVB Wealth LLC raised its holdings in shares of Citizens Financial Group by 1,733.3% in the 3rd quarter. SVB Wealth LLC now owns 92,873 shares of the bank’s stock worth $5,922,000 after buying an additional 87,807 shares in the last quarter. Ariadne Wealth Management LP lifted its position in shares of Citizens Financial Group by 16.5% during the 3rd quarter. Ariadne Wealth Management LP now owns 3,713 shares of the bank’s stock worth $237,000 after buying an additional 526 shares during the period. Eurizon Capital SGR S.p.A. boosted its stake in Citizens Financial Group by 262.4% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 950,535 shares of the bank’s stock valued at $60,606,000 after buying an additional 688,217 shares in the last quarter. Pier 88 Investment Partners LLC boosted its stake in Citizens Financial Group by 15.1% in the 3rd quarter. Pier 88 Investment Partners LLC now owns 6,100 shares of the bank’s stock valued at $389,000 after buying an additional 800 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its stake in Citizens Financial Group by 31,274.7% in the 3rd quarter. CENTRAL TRUST Co now owns 293,040 shares of the bank’s stock valued at $18,684,000 after buying an additional 292,106 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 0.7%

Shares of Citizens Financial Group stock opened at $64.95 on Friday. The business has a fifty day simple moving average of $65.55 and a 200 day simple moving average of $65.68. The stock has a market cap of $27.23 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 0.60 and a beta of 0.74. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.74. Citizens Financial Group, Inc. has a 12 month low of $49.00 and a 12 month high of $75.33.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, October 16th. The bank reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.02. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Citizens Financial Group had a return on equity of 9.52% and a net margin of 18.07%. During the same quarter last year, the business earned $1.05 earnings per share. Research analysts predict that Citizens Financial Group, Inc. will post 5.30 EPS for the current year.

Citizens Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, October 30th. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.46. This represents a $2.08 annualized dividend and a yield of 3.2%. Citizens Financial Group’s payout ratio is currently 41.85%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CFG shares. DA Davidson set a $82.00 price objective on Citizens Financial Group in a research note on Monday, October 19th. Morgan Stanley lowered their target price on shares of Citizens Financial Group from $89.00 to $87.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Keefe, Bruyette & Woods increased their target price on shares of Citizens Financial Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Argus cut their price target on shares of Citizens Financial Group from $80.00 to $78.00 in a report on Monday, October 19th. Finally, Truist Financial cut their price target on shares of Citizens Financial Group from $77.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, October 20th. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $76.79.

Citizens Financial Group Profile

Citizens Financial Group, Inc. is a bank holding company headquartered in Providence, Rhode Island. Through Citizens Bank and related businesses, it provides retail and commercial banking services to individuals, businesses and institutions. Its offerings include checking and savings accounts, mortgages, personal and business loans, credit cards, wealth management, and commercial lending and cash-management services. The company also provides capital markets and other financial services to corporate clients.