Citizens Financial Group, Inc. $CFG Shares Bought by Todd Asset Management LLC

Todd Asset Management LLC raised its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 7.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 896,736 shares of the bank’s stock after acquiring an additional 62,398 shares during the quarter. Todd Asset Management LLC’s holdings in Citizens Financial Group were worth $47,670,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its position in shares of Citizens Financial Group by 25.7% in the third quarter. Envestnet Asset Management Inc. now owns 687,602 shares of the bank’s stock worth $36,553,000 after acquiring an additional 140,641 shares during the period. National Pension Service lifted its position in shares of Citizens Financial Group by 33.5% in the third quarter. National Pension Service now owns 135,208 shares of the bank’s stock valued at $7,188,000 after acquiring an additional 33,923 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Citizens Financial Group by 37.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 479,415 shares of the bank’s stock worth $25,284,000 after buying an additional 129,995 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Citizens Financial Group by 5.3% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 856,204 shares of the bank’s stock worth $38,315,000 after purchasing an additional 42,971 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new stake in shares of Citizens Financial Group in the third quarter valued at approximately $60,434,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Up 0.5%

Citizens Financial Group stock opened at $65.09 on Monday. The company has a market capitalization of $27.66 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 0.53 and a beta of 0.72. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $68.79. The firm has a 50 day moving average price of $61.42 and a 200 day moving average price of $54.90.

Citizens Financial Group (NYSE:CFG) last released 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. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. Research analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, February 4th. Citizens Financial Group’s payout ratio is 47.55%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays set a $77.00 target price on Citizens Financial Group and gave the company an “overweight” rating in a report on Monday, January 5th. Weiss Ratings lowered shares of Citizens Financial Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. lifted their target price on shares of Citizens Financial Group from $62.50 to $71.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Truist Financial boosted their target price on shares of Citizens Financial Group from $63.00 to $71.00 and gave the company a “hold” rating in a report on Monday, January 26th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $73.00 price target on shares of Citizens Financial Group in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.77.

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.