Bleakley Financial Group LLC Grows Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Bleakley Financial Group LLC lifted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 5.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,939 shares of the bank’s stock after buying an additional 668 shares during the quarter. Bleakley Financial Group LLC’s holdings in Citizens Financial Group were worth $490,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CFG. Ballentine Partners LLC purchased a new stake in shares of Citizens Financial Group in the 1st quarter worth about $207,000. Kingswood Wealth Advisors LLC grew its position in shares of Citizens Financial Group by 10.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 14,408 shares of the bank’s stock worth $523,000 after buying an additional 1,313 shares during the period. Register Financial Advisors LLC purchased a new stake in Citizens Financial Group during the 1st quarter valued at about $114,000. Asio Capital LLC grew its position in Citizens Financial Group by 5.8% during the 1st quarter. Asio Capital LLC now owns 97,754 shares of the bank’s stock valued at $3,547,000 after purchasing an additional 5,377 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its position in Citizens Financial Group by 21.0% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 11,460 shares of the bank’s stock valued at $416,000 after purchasing an additional 1,991 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $43.26, for a total transaction of $170,357.88. Following the sale, the insider now owns 33,620 shares in the company, valued at approximately $1,454,401.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on CFG shares. UBS Group increased their price objective on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. The Goldman Sachs Group increased their price objective on shares of Citizens Financial Group from $43.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Morgan Stanley increased their price objective on shares of Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Stephens increased their price objective on shares of Citizens Financial Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Royal Bank of Canada increased their price objective on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $43.80.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $41.61 on Wednesday. The firm’s 50 day moving average price is $41.40 and its 200-day moving average price is $38.20. Citizens Financial Group, Inc. has a twelve month low of $22.77 and a twelve month high of $44.39. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $18.93 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The business’s quarterly revenue was down 5.6% on a year-over-year basis. Equities research analysts expect that Citizens Financial Group, Inc. will post 3.22 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Wednesday, October 30th. Citizens Financial Group’s payout ratio is 60.87%.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.