136,020 Citizens Financial Group, Inc. $CFG Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 3,724.5% during the third quarter, Holdings Channel reports. The institutional investor owned 139,672 shares of the bank’s stock after buying an additional 136,020 shares during the quarter. International Assets Investment Management LLC’s holdings in Citizens Financial Group were worth $8,905,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new position in Citizens Financial Group during the second quarter valued at about $3,415,046,000. Robeco Institutional Asset Management B.V. grew its holdings in Citizens Financial Group by 7,979.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 12,165,352 shares of the bank’s stock worth $775,663,000 after acquiring an additional 12,014,785 shares during the period. Assenagon Asset Management S.A. raised its position in Citizens Financial Group by 1,252.4% in the third quarter. Assenagon Asset Management S.A. now owns 9,204,563 shares of the bank’s stock worth $586,883,000 after acquiring an additional 8,523,938 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Citizens Financial Group by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,719,160 shares of the bank’s stock worth $282,927,000 after acquiring an additional 28,602 shares in the last quarter. Finally, Amundi raised its position in Citizens Financial Group by 31.2% in the second quarter. Amundi now owns 3,685,819 shares of the bank’s stock worth $258,265,000 after acquiring an additional 875,666 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analysts Set New Price Targets

CFG has been the subject of a number of research analyst reports. Royal Bank Of Canada cut their price target on shares of Citizens Financial Group from $79.00 to $74.00 and set an “outperform” rating for the company in a report on Monday, October 19th. Jefferies Financial Group lowered their price objective on shares of Citizens Financial Group from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, September 24th. Evercore set a $74.00 target price on shares of Citizens Financial Group in a report on Tuesday, October 27th. Bank of America cut their target price on shares of Citizens Financial Group from $82.00 to $76.00 in a research note on Thursday, October 8th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Citizens Financial Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $76.79.

Citizens Financial Group Stock Performance

Shares of NYSE CFG opened at $63.34 on Friday. The stock’s fifty day simple moving average is $65.87 and its 200 day simple moving average is $65.64. The stock has a market capitalization of $26.55 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 0.58 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 52-week low of $49.00 and a 52-week high of $75.33.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, October 16th. The bank reported $1.41 EPS for the quarter, beating the consensus estimate of $1.39 by $0.02. Citizens Financial Group had a return on equity of 9.52% and a net margin of 18.07%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the business posted $1.05 earnings per share. As a group, sell-side analysts forecast that Citizens Financial Group, Inc. will post 5.30 earnings per share for the current fiscal year.

Citizens Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, October 30th. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.46. Citizens Financial Group’s dividend payout ratio is presently 41.85%.

About Citizens Financial Group

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.

Citizens traces its history to High Street Bank, founded in Providence in 1828.