Choreo LLC Grows Holdings in Citizens Financial Group, Inc. $CFG

Choreo LLC increased its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 13.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,713 shares of the bank’s stock after acquiring an additional 1,604 shares during the quarter. Choreo LLC’s holdings in Citizens Financial Group were worth $614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Investors Research Corp grew its holdings in Citizens Financial Group by 344.8% in the second quarter. Investors Research Corp now owns 645 shares of the bank’s stock worth $29,000 after purchasing an additional 500 shares during the period. Trust Co. of Vermont boosted its position in shares of Citizens Financial Group by 177.5% in the 2nd quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock worth $29,000 after purchasing an additional 410 shares in the last quarter. GoalVest Advisory LLC boosted its position in shares of Citizens Financial Group by 16,900.0% in the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after purchasing an additional 676 shares in the last quarter. REAP Financial Group LLC grew its stake in shares of Citizens Financial Group by 72.4% in the 2nd quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock worth $33,000 after buying an additional 309 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its position in Citizens Financial Group by 143.4% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,076 shares of the bank’s stock valued at $44,000 after buying an additional 634 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. UBS Group boosted their target price on Citizens Financial Group from $57.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Cowen reaffirmed a “buy” rating on shares of Citizens Financial Group in a research report on Monday. Truist Financial dropped their price target on shares of Citizens Financial Group from $58.00 to $56.00 and set a “hold” rating on the stock in a research note on Friday, October 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Citizens Financial Group in a research note on Tuesday, November 25th. Finally, Citigroup lifted their target price on shares of Citizens Financial Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Citizens Financial Group has an average rating of “Buy” and an average target price of $56.57.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $54.56 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85. The firm has a market cap of $23.43 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 0.58 and a beta of 0.73. The business has a 50-day simple moving average of $51.90 and a two-hundred day simple moving average of $48.47. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $55.24.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, October 15th. The bank reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. Citizens Financial Group had a net margin of 14.17% and a return on equity of 7.48%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period in the previous year, the business posted $0.79 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Wednesday, October 29th were paid a dividend of $0.46 per share. The ex-dividend date was Wednesday, October 29th. This represents a $1.84 dividend on an annualized basis and a yield of 3.4%. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.42. Citizens Financial Group’s dividend payout ratio (DPR) is presently 51.54%.

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.