1,220 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Purchased by Claro Advisors LLC

Claro Advisors LLC bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the third quarter, Holdings Channel reports. The institutional investor bought 1,220 shares of the bank’s stock, valued at approximately $50,000.

A number of other hedge funds have also made changes to their positions in the company. Capital International Investors increased its position in shares of Citizens Financial Group by 4.4% during the 1st quarter. Capital International Investors now owns 36,709,412 shares of the bank’s stock worth $1,332,185,000 after purchasing an additional 1,552,333 shares in the last quarter. LSV Asset Management grew its holdings in Citizens Financial Group by 1.8% during the 2nd quarter. LSV Asset Management now owns 6,580,797 shares of the bank’s stock worth $237,106,000 after acquiring an additional 113,300 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Citizens Financial Group by 15.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock worth $159,550,000 after acquiring an additional 587,115 shares during the last quarter. AQR Capital Management LLC grew its holdings in Citizens Financial Group by 61.4% during the 2nd quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock worth $155,909,000 after acquiring an additional 1,682,886 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in Citizens Financial Group by 15.3% during the 1st quarter. Nordea Investment Management AB now owns 3,625,128 shares of the bank’s stock worth $130,722,000 after acquiring an additional 480,129 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

NYSE CFG opened at $41.06 on Tuesday. Citizens Financial Group, Inc. has a 12-month low of $22.77 and a 12-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 firm’s 50 day moving average is $41.36 and its 200-day moving average is $38.14. The company has a market capitalization of $18.68 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting 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 business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the business earned $0.85 earnings per share. The firm’s revenue was down 5.6% on a year-over-year basis. Equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.22 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.09%. Citizens Financial Group’s dividend payout ratio is presently 60.87%.

Insider Activity at Citizens Financial Group

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

Wall Street Analyst Weigh In

CFG has been the topic of a number of research analyst reports. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Evercore ISI decreased their price objective on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a report on Wednesday, October 2nd. DA Davidson increased their price objective on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Stephens raised their target price on shares of Citizens Financial Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, Morgan Stanley raised their target price on shares of Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Ten 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, Citizens Financial Group currently has a consensus rating of “Hold” and an average price target of $43.80.

Citizens Financial Group 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.