Townsquare Capital LLC Acquires 3,580 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Townsquare Capital LLC lifted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 22.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,846 shares of the bank’s stock after purchasing an additional 3,580 shares during the period. Townsquare Capital LLC’s holdings in Citizens Financial Group were worth $815,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in CFG. Versor Investments LP bought a new position in shares of Citizens Financial Group during the third quarter valued at about $1,910,000. CWM LLC boosted its holdings in Citizens Financial Group by 77.1% during the 2nd quarter. CWM LLC now owns 40,699 shares of the bank’s stock valued at $1,466,000 after acquiring an additional 17,718 shares during the period. Quantbot Technologies LP purchased a new position in Citizens Financial Group in the 2nd quarter worth approximately $5,009,000. Pathstone Holdings LLC lifted its position in Citizens Financial Group by 7.7% in the third quarter. Pathstone Holdings LLC now owns 154,546 shares of the bank’s stock valued at $6,347,000 after purchasing an additional 11,044 shares during the last quarter. Finally, Andra AP fonden boosted its stake in shares of Citizens Financial Group by 49.1% during the second quarter. Andra AP fonden now owns 308,300 shares of the bank’s stock valued at $11,108,000 after purchasing an additional 101,500 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Down 2.2 %

Shares of NYSE CFG opened at $47.09 on Tuesday. The firm’s 50 day moving average price is $43.66 and its 200-day moving average price is $40.34. Citizens Financial Group, Inc. has a 52-week low of $27.97 and a 52-week high of $49.25. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. The company has a market cap of $20.75 billion, a PE ratio of 18.54, a P/E/G ratio of 1.83 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. On average, equities research analysts expect that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is 66.14%.

Wall Street Analyst Weigh In

CFG has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a research note on Monday, September 30th. 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 research report on Wednesday, October 2nd. Barclays increased their target price on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. The Goldman Sachs Group boosted their price target on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Royal Bank of Canada increased their price objective on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $45.47.

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.