Impax Asset Management Group plc Has $17.97 Million Stock Position in Citizens Financial Group, Inc. $CFG

Impax Asset Management Group plc lowered its position in Citizens Financial Group, Inc. (NYSE:CFG) by 9.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 338,104 shares of the bank’s stock after selling 36,102 shares during the period. Impax Asset Management Group plc’s holdings in Citizens Financial Group were worth $17,974,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its position in shares of Citizens Financial Group by 891.5% during the third quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after purchasing an additional 526 shares during the period. GoalVest Advisory LLC increased its stake in Citizens Financial Group by 16,900.0% during the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock valued at $30,000 after purchasing an additional 676 shares in the last quarter. Capital A Wealth Management LLC raised its holdings in Citizens Financial Group by 3,970.0% during the second quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock worth $36,000 after buying an additional 794 shares during the last quarter. State of Wyoming bought a new position in shares of Citizens Financial Group in the second quarter valued at $39,000. Finally, Kestra Investment Management LLC grew its holdings in shares of Citizens Financial Group by 2,703.0% during the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock valued at $41,000 after buying an additional 892 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of CFG opened at $67.61 on Wednesday. The stock has a 50 day moving average of $60.83 and a 200 day moving average of $54.55. The company has a market capitalization of $29.04 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 0.55 and a beta of 0.72. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $68.78. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. Citizens Financial Group had a return on equity of 7.89% and a net margin of 15.19%.The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Investors 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 2.7%. The ex-dividend date is Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio (DPR) is 47.55%.

Wall Street Analysts Forecast Growth

CFG has been the subject of several recent research reports. The Goldman Sachs Group reissued a “buy” rating and set a $73.00 target price on shares of Citizens Financial Group in a research report on Tuesday, January 6th. Argus boosted their price objective on Citizens Financial Group from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Raymond James Financial lowered Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and raised their target price for the company from $62.00 to $66.00 in a report on Wednesday, January 7th. Robert W. Baird reaffirmed a “neutral” rating and set a $60.00 target price on shares of Citizens Financial Group in a research report on Thursday, December 11th. Finally, Keefe, Bruyette & Woods increased 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 research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average 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.