25,901 Citizens Financial Group, Inc. $CFG Shares Acquired by Root Financial Partners LLC

Root Financial Partners LLC lifted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 707.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,562 shares of the bank’s stock after acquiring an additional 25,901 shares during the quarter. Root Financial Partners LLC’s holdings in Citizens Financial Group were worth $1,885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Citizens Financial Group in the second quarter valued at about $3,415,046,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of 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 purchasing an additional 12,014,785 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of 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 buying an additional 8,523,938 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of 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 buying an additional 28,602 shares during the period. Finally, Amundi grew its stake in shares of Citizens Financial Group by 31.2% in the second quarter. Amundi now owns 3,685,819 shares of the bank’s stock valued at $258,265,000 after buying an additional 875,666 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Up 0.5%

Shares of NYSE:CFG opened at $65.22 on Friday. The firm has a market cap of $27.47 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 0.59 and a beta of 0.72. The company has a fifty day simple moving average of $67.30 and a 200 day simple moving average of $67.22. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.74. Citizens Financial Group, Inc. has a 12-month low of $49.00 and a 12-month high of $75.33.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, October 16th. The bank reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.02. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.34 billion. Citizens Financial Group had a net margin of 18.07% and a return on equity of 9.52%. During the same period in the prior year, the firm posted $1.05 EPS. On average, equities research analysts anticipate that Citizens Financial Group, Inc. will post 5.30 EPS for the current fiscal year.

Citizens Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a $0.52 dividend. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, October 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.2%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 37.02%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Truist Financial dropped their target price on Citizens Financial Group from $77.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday. Keefe, Bruyette & Woods upped their price target on Citizens Financial Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Weiss Ratings restated a “buy (b)” rating on shares of Citizens Financial Group in a report on Monday, August 3rd. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Citizens Financial Group in a research report on Friday, October 16th. Finally, Argus set a $80.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average price target of $77.47.

About Citizens Financial Group

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Its principal subsidiary, Citizens Bank, provides banking and financial services to consumers, small businesses, middle-market companies, large corporations and institutional clients.

The company offers consumer deposit accounts, residential mortgages, home equity financing, credit cards, personal loans and other lending products. Its commercial banking activities include business loans, equipment financing, treasury management, capital markets services and investment banking.