Bryn Mawr Trust Advisors LLC Buys 45,898 Shares of Citizens Financial Group, Inc. $CFG

Bryn Mawr Trust Advisors LLC grew its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 1,199.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,723 shares of the bank’s stock after buying an additional 45,898 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Citizens Financial Group were worth $3,170,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CFG. Avion Wealth raised its stake in Citizens Financial Group by 1,548.8% in the 3rd quarter. Avion Wealth now owns 2,028 shares of the bank’s stock worth $129,000 after acquiring an additional 1,905 shares during the last quarter. Brighton Jones LLC grew its stake in Citizens Financial Group by 539.3% during the 3rd quarter. Brighton Jones LLC now owns 226,687 shares of the bank’s stock valued at $14,454,000 after purchasing an additional 191,231 shares during the last quarter. Candriam S.C.A. grew its stake in Citizens Financial Group by 3,329.9% during the 3rd quarter. Candriam S.C.A. now owns 2,519,343 shares of the bank’s stock valued at $160,633,000 after purchasing an additional 2,445,890 shares during the last quarter. Ethic Inc. grew its stake in Citizens Financial Group by 1,153.7% during the 3rd quarter. Ethic Inc. now owns 952,255 shares of the bank’s stock valued at $60,716,000 after purchasing an additional 876,299 shares during the last quarter. Finally, StoneX Group Inc. increased its holdings in shares of Citizens Financial Group by 96.3% in the third quarter. StoneX Group Inc. now owns 78,640 shares of the bank’s stock valued at $5,014,000 after purchasing an additional 38,583 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on CFG. TD Cowen began coverage on Citizens Financial Group in a report on Thursday, October 8th. They set a “buy” rating and a $75.00 target price for the company. DA Davidson set a $82.00 target price on Citizens Financial Group in a research report on Monday, October 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citizens Financial Group in a report on Friday, October 30th. Morgan Stanley reduced their price target on shares of Citizens Financial Group from $89.00 to $87.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Finally, UBS Group decreased their price objective on shares of Citizens Financial Group from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $76.79.

Citizens Financial Group Price Performance

Shares of CFG opened at $65.27 on Tuesday. The business’s 50-day moving average is $65.78 and its two-hundred day moving average is $65.65. The company has a market capitalization of $27.36 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.60 and a beta of 0.74. Citizens Financial Group, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $75.33. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.86 and a current ratio of 0.86.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, October 16th. The bank reported $1.41 earnings per share (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 analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. Research analysts predict that Citizens Financial Group, Inc. will post 5.30 earnings per share for the current year.

Citizens Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, October 30th. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.46. This represents a $2.08 dividend on an annualized basis and a yield of 3.2%. Citizens Financial Group’s dividend payout ratio is presently 41.85%.

Citizens Financial Group Company Profile

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.