213,862 Citizens Financial Group, Inc. $CFG Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1,104.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 233,230 shares of the bank’s stock after purchasing an additional 213,862 shares during the quarter. Ritholtz Wealth Management owned about 0.06% of Citizens Financial Group worth $14,871,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Citizens Financial Group during the 2nd quarter valued at approximately $3,415,046,000. Robeco Institutional Asset Management B.V. raised its position 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 valued at $775,663,000 after buying an additional 12,014,785 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings 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 in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Citizens Financial Group by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,719,160 shares of the bank’s stock valued at $282,927,000 after purchasing an additional 28,602 shares during the last quarter. Finally, Amundi grew its holdings in Citizens Financial Group by 31.2% during the 2nd 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.

Analyst Upgrades and Downgrades

CFG has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price objective on Citizens Financial Group from $78.00 to $72.50 and set an “overweight” rating for the company in a research note on Friday, October 2nd. 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. Robert W. Baird boosted their target price on Citizens Financial Group from $72.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Jefferies Financial Group cut their target price on Citizens Financial Group from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, September 24th. Finally, TD Cowen assumed coverage on Citizens Financial Group in a report on Thursday, October 8th. They issued a “buy” rating and a $75.00 price target on the stock. Seventeen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.79.

Citizens Financial Group Trading Up 0.9%

NYSE CFG opened at $65.41 on Thursday. The company’s 50-day moving average price is $65.65 and its 200-day moving average price is $65.67. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.74. The stock has a market cap of $27.42 billion, a PE ratio of 13.16, a PEG ratio of 0.59 and a beta 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 results on Friday, October 16th. The bank reported $1.41 EPS for the quarter, topping the consensus estimate of $1.39 by $0.02. Citizens Financial Group had a net margin of 18.07% and a return on equity of 9.52%. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the firm posted $1.05 EPS. Equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a $0.52 dividend. The ex-dividend date is Friday, October 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.2%. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.46. Citizens Financial Group’s payout ratio is currently 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.