ProShare Advisors LLC Has $5.44 Million Holdings in Citizens Financial Group, Inc. $CFG

ProShare Advisors LLC decreased its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 8.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,230 shares of the bank’s stock after selling 8,944 shares during the quarter. ProShare Advisors LLC’s holdings in Citizens Financial Group were worth $5,435,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CFG. Candriam S.C.A. increased its holdings in shares of Citizens Financial Group by 14.4% during the third quarter. Candriam S.C.A. now owns 54,169 shares of the bank’s stock worth $2,880,000 after purchasing an additional 6,824 shares during the period. Smartleaf Asset Management LLC grew its position in Citizens Financial Group by 62.7% during the third quarter. Smartleaf Asset Management LLC now owns 7,147 shares of the bank’s stock worth $383,000 after buying an additional 2,753 shares in the last quarter. Canada Post Corp Registered Pension Plan grew its position in Citizens Financial Group by 18.8% during the third quarter. Canada Post Corp Registered Pension Plan now owns 8,536 shares of the bank’s stock worth $458,000 after buying an additional 1,350 shares in the last quarter. HighPoint Advisor Group LLC bought a new position in Citizens Financial Group during the 3rd quarter worth $209,000. Finally, HORAN Wealth LLC raised its holdings in Citizens Financial Group by 3.7% in the 3rd quarter. HORAN Wealth LLC now owns 79,099 shares of the bank’s stock valued at $4,205,000 after acquiring an additional 2,796 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Up 0.5%

Shares of NYSE CFG opened at $65.09 on Friday. The company has a market cap of $27.95 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 0.53 and a beta of 0.72. 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, Inc. has a 12 month low of $32.60 and a 12 month high of $68.79. The stock has a 50-day moving average price of $61.42 and a two-hundred day moving average price of $54.82.

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

Citizens Financial Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Jefferies Financial Group reissued a “buy” rating and set a $80.00 target price on shares of Citizens Financial Group in a report on Wednesday, January 21st. Weiss Ratings cut shares of Citizens Financial Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 3rd. DA Davidson increased their price objective on shares of Citizens Financial Group from $65.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods boosted their target price on shares of Citizens Financial Group from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. Finally, TD Cowen upped their price target on shares of Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. One investment 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.