Citizens Financial Group, Inc. $CFG Shares Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH boosted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 14.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,740 shares of the bank’s stock after acquiring an additional 11,963 shares during the quarter. Erste Asset Management GmbH’s holdings in Citizens Financial Group were worth $5,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. True Wealth Design LLC raised its stake 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 last quarter. Capital A Wealth Management LLC grew its position in Citizens Financial Group by 3,970.0% in the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock valued at $36,000 after buying an additional 794 shares during the last quarter. State of Wyoming acquired a new position in Citizens Financial Group in the 2nd quarter valued at $39,000. Kestra Investment Management LLC raised its position in Citizens Financial Group by 2,703.0% during the 2nd quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock worth $41,000 after buying an additional 892 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new position in Citizens Financial Group during the 2nd quarter worth $45,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CFG. New Street Research set a $73.00 price target on shares of Citizens Financial Group in a research note on Thursday, January 22nd. DA Davidson raised their price objective on shares of Citizens Financial Group from $65.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. The Goldman Sachs Group reiterated a “buy” rating and set a $73.00 target price on shares of Citizens Financial Group in a research report on Tuesday, January 6th. Jefferies Financial Group reissued a “buy” rating and set a $80.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 21st. Finally, Raymond James Financial cut Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and raised their price target for the company from $62.00 to $66.00 in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and an average target price of $68.77.

Citizens Financial Group Price Performance

CFG stock opened at $60.07 on Friday. The firm has a market cap of $25.53 billion, a P/E ratio of 15.52, a PEG ratio of 0.49 and a beta of 0.72. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85. The stock’s 50 day moving average price is $62.54 and its 200 day moving average price is $55.99. Citizens Financial Group, Inc. has a 1 year low of $32.60 and a 1 year high of $68.79.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 7.81% and a net margin of 15.19%.The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 EPS. On average, sell-side analysts expect 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 declared a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a $1.84 annualized dividend and a yield of 3.1%. Citizens Financial Group’s dividend payout ratio is 47.55%.

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.