Citizens Financial Group, Inc. $CFG Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 43.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,794 shares of the bank’s stock after purchasing an additional 25,274 shares during the quarter. Intech Investment Management LLC’s holdings in Citizens Financial Group were worth $4,401,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. True Wealth Design LLC grew its stake in Citizens Financial Group by 891.5% during the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after buying an additional 526 shares during the last quarter. Capital A Wealth Management LLC increased its holdings in shares of Citizens Financial Group by 3,970.0% during the second quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock valued at $36,000 after purchasing an additional 794 shares during the period. State of Wyoming bought a new stake in shares of Citizens Financial Group during the second quarter valued at about $39,000. Kestra Investment Management LLC lifted its holdings in Citizens Financial Group by 2,703.0% in the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock worth $41,000 after purchasing an additional 892 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Citizens Financial Group in the second quarter worth about $45,000. 94.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CFG has been the topic of a number of recent analyst reports. TD Cowen boosted their price target on shares of Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods raised their price objective on shares of Citizens Financial Group from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $73.00 target price on shares of Citizens Financial Group in a research report on Tuesday, January 6th. Bank of America increased their price target on Citizens Financial Group from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Evercore boosted their price objective on Citizens Financial Group from $69.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $68.77.

Citizens Financial Group Trading Down 5.9%

Citizens Financial Group stock opened at $60.07 on Monday. The firm has a market capitalization of $25.53 billion, a price-to-earnings ratio of 15.52, a P/E/G ratio of 0.49 and a beta of 0.70. The company has a 50 day moving average price of $62.54 and a 200 day moving average price of $56.04. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $68.79.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.02. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. Citizens Financial Group’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, February 4th. Citizens Financial Group’s 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.