Citizens Financial Group, Inc. $CFG Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC grew its position in Citizens Financial Group, Inc. (NYSE:CFG) by 1,199.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 561,973 shares of the bank’s stock after purchasing an additional 518,733 shares during the quarter. Yousif Capital Management LLC’s holdings in Citizens Financial Group were worth $35,831,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Cedar Mountain Advisors LLC acquired a new stake in shares of Citizens Financial Group during the 1st quarter worth approximately $27,000. Elevation Wealth Partners LLC increased its stake in Citizens Financial Group by 319.8% in the second quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank’s stock valued at $30,000 after acquiring an additional 323 shares during the last quarter. Virtus Advisers LLC acquired a new position in Citizens Financial Group during the second quarter valued at approximately $35,000. Keating Financial Advisory Services Inc. acquired a new position in Citizens Financial Group during the second quarter valued at approximately $35,000. Finally, Align Financial LLC bought a new stake in Citizens Financial Group during the third quarter worth $35,000. Institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays raised their target price on Citizens Financial Group from $77.00 to $81.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Raymond James Financial restated a “strong-buy” rating on shares of Citizens Financial Group in a research report on Friday, October 16th. Jefferies Financial Group raised their price objective on Citizens Financial Group from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Stephens decreased their target price on Citizens Financial Group from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Cantor Fitzgerald lowered their target price on Citizens Financial Group from $84.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.47.

Citizens Financial Group Price Performance

Shares of NYSE CFG traded down $0.05 during midday trading on Friday, reaching $65.19. 6,803,417 shares of the company were exchanged, compared to its average volume of 5,032,498. The stock’s 50-day moving average price is $67.11 and its 200-day moving average price is $67.20. The stock has a market cap of $27.46 billion, a P/E ratio of 13.12, a PEG ratio of 0.59 and a beta of 0.72. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.74. Citizens Financial Group, Inc. has a one year low of $49.00 and a one year high of $75.33.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, October 16th. The bank reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.02. Citizens Financial Group had a return on equity of 9.52% and a net margin of 18.07%. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the business posted $1.05 EPS. On average, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 5.30 earnings per share for the current fiscal year.

Citizens Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a $0.52 dividend. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.46. This represents a $2.08 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, October 30th. Citizens Financial Group’s dividend payout ratio is 41.85%.

About Citizens Financial Group

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Its principal subsidiary, Citizens Bank, provides banking and financial services to consumers, small businesses, middle-market companies, large corporations and institutional clients.

The company offers consumer deposit accounts, residential mortgages, home equity financing, credit cards, personal loans and other lending products. Its commercial banking activities include business loans, equipment financing, treasury management, capital markets services and investment banking.