Citizens Financial Group, Inc. $CFG Stock Purchased by Diversified Trust Co

Diversified Trust Co lifted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 482.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 183,568 shares of the bank’s stock after acquiring an additional 152,062 shares during the quarter. Diversified Trust Co’s holdings in Citizens Financial Group were worth $11,704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Aberdeen Group plc lifted its position in shares of Citizens Financial Group by 205.2% in the 3rd quarter. Aberdeen Group plc now owns 990,207 shares of the bank’s stock worth $63,136,000 after purchasing an additional 665,781 shares during the period. Moors & Cabot Inc. boosted its stake in shares of Citizens Financial Group by 4,929.5% during the 3rd quarter. Moors & Cabot Inc. now owns 289,097 shares of the bank’s stock valued at $18,433,000 after purchasing an additional 283,349 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Citizens Financial Group by 4,283.2% during the 3rd quarter. Allworth Financial LP now owns 556,228 shares of the bank’s stock valued at $35,465,000 after purchasing an additional 543,538 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Citizens Financial Group by 94,191.5% during the third quarter. Fisher Asset Management LLC now owns 112,233,279 shares of the bank’s stock valued at $7,155,994,000 after buying an additional 112,114,251 shares during the period. Finally, SVB Wealth LLC increased its position in shares of Citizens Financial Group by 1,733.3% during the third quarter. SVB Wealth LLC now owns 92,873 shares of the bank’s stock valued at $5,922,000 after buying an additional 87,807 shares during the period. Institutional investors own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on CFG shares. Stephens lowered their price objective on shares of Citizens Financial Group from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, October 20th. Robert W. Baird upped their target price on Citizens Financial Group from $72.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Jefferies Financial Group decreased their target price on Citizens Financial Group from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. Weiss Ratings restated a “buy (b)” rating on shares of Citizens Financial Group in a research note on Friday, October 30th. Finally, Cantor Fitzgerald lowered their target price on Citizens Financial Group from $84.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, October 14th. Seventeen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.79.

Citizens Financial Group Stock Up 0.5%

Shares of Citizens Financial Group stock opened at $65.17 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.86 and a quick ratio of 0.86. The company has a 50-day moving average of $65.44 and a 200 day moving average of $65.69. The firm has a market cap of $27.32 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.59 and a beta of 0.74. Citizens Financial Group, Inc. has a 1 year low of $49.00 and a 1 year high of $75.33.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, October 16th. The bank reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the company posted $1.05 EPS. As a group, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 5.30 earnings per share for the current fiscal year.

Citizens Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 13th. Shareholders of record on Friday, October 30th were paid a dividend of $0.52 per share. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.46. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, October 30th. Citizens Financial Group’s payout ratio is 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.