Capital International Inc. CA Increases Stock Holdings in Citizens Financial Group, Inc. $CFG

Capital International Inc. CA increased its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 29.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 606,182 shares of the bank’s stock after buying an additional 138,139 shares during the period. Capital International Inc. CA owned about 0.14% of Citizens Financial Group worth $32,225,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CFG. True Wealth Design LLC lifted its holdings in shares of Citizens Financial Group by 891.5% in the third quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock valued at $31,000 after purchasing an additional 526 shares in the last quarter. Capital A Wealth Management LLC raised its position in shares of Citizens Financial Group by 3,970.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock worth $36,000 after purchasing an additional 794 shares during the last quarter. State of Wyoming purchased a new stake in Citizens Financial Group in the 2nd quarter valued at approximately $39,000. Kestra Investment Management LLC increased its position in Citizens Financial Group by 2,703.0% during the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock worth $41,000 after buying an additional 892 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Citizens Financial Group in the second quarter worth $45,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CFG has been the subject of a number of recent research reports. DA Davidson lifted their price objective on Citizens Financial Group from $65.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada upped their price objective on shares of Citizens Financial Group from $60.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. TD Cowen lifted their price objective on Citizens Financial Group from $75.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $80.00 target price on shares of Citizens Financial Group in a research report on Wednesday, January 21st. Finally, Weiss Ratings upgraded Citizens Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Twenty investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.95.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $58.19 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.46. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $68.79. The company’s fifty day simple moving average is $62.51 and its 200-day simple moving average is $56.50. The company has a market cap of $24.73 billion, a PE ratio of 15.04, a P/E/G ratio of 0.47 and a beta of 0.70.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 earnings per share. As a group, equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th were issued a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a $1.84 dividend on an annualized basis and a yield of 3.2%. Citizens Financial Group’s dividend payout ratio is currently 47.55%.

Citizens Financial Group Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.