16,752 Shares in Citizens Financial Group, Inc. $CFG Purchased by WealthTrust Asset Management LLC

WealthTrust Asset Management LLC bought a new stake in Citizens Financial Group, Inc. (NYSE:CFG) during the 3rd quarter, Holdings Channel reports. The firm bought 16,752 shares of the bank’s stock, valued at approximately $891,000.

Several other institutional investors have also made changes to their positions in CFG. Vanguard Group Inc. lifted its holdings in shares of Citizens Financial Group by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 51,548,977 shares of the bank’s stock worth $2,306,817,000 after acquiring an additional 209,467 shares during the period. Invesco Ltd. increased its position in shares of Citizens Financial Group by 1.2% during the second quarter. Invesco Ltd. now owns 23,671,355 shares of the bank’s stock worth $1,059,293,000 after buying an additional 283,321 shares during the period. Nordea Investment Management AB lifted its stake in shares of Citizens Financial Group by 4.9% in the 3rd quarter. Nordea Investment Management AB now owns 6,715,372 shares of the bank’s stock valued at $353,430,000 after purchasing an additional 315,467 shares during the period. LSV Asset Management raised its position in shares of Citizens Financial Group by 14.5% during the second quarter. LSV Asset Management now owns 6,562,791 shares of the bank’s stock worth $293,685,000 after purchasing an additional 833,399 shares during the period. Finally, Ninety One UK Ltd bought a new stake in Citizens Financial Group during the 3rd quarter worth approximately $308,946,000. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Stock Performance

Shares of NYSE CFG opened at $60.07 on Friday. The firm has a 50 day moving average of $62.54 and a 200 day moving average of $55.93. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.46. Citizens Financial Group, Inc. has a 12-month low of $32.60 and a 12-month high of $68.79. The firm has a market capitalization of $25.53 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 0.52 and a beta of 0.72.

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

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio is 47.55%.

Wall Street Analysts Forecast Growth

CFG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on Citizens Financial Group from $62.50 to $71.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. New Street Research set a $73.00 target price on Citizens Financial Group in a research report on Thursday, January 22nd. Weiss Ratings raised shares of Citizens Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. TD Cowen boosted their price objective on Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods raised their price target on Citizens Financial Group from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average target price of $68.77.

About Citizens Financial Group

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.