Duality Advisers LP Makes New $489,000 Investment in Citizens Financial Group, Inc. (NYSE:CFG)

Duality Advisers LP bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFGGet Rating) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,243 shares of the bank’s stock, valued at approximately $489,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CFG. Private Capital Group LLC boosted its position in Citizens Financial Group by 438.7% during the second quarter. Private Capital Group LLC now owns 738 shares of the bank’s stock worth $26,000 after purchasing an additional 601 shares during the period. Evoke Wealth LLC lifted its holdings in shares of Citizens Financial Group by 79.2% in the second quarter. Evoke Wealth LLC now owns 826 shares of the bank’s stock worth $29,000 after buying an additional 365 shares in the last quarter. American Research & Management Co. lifted its holdings in shares of Citizens Financial Group by 605.6% in the second quarter. American Research & Management Co. now owns 882 shares of the bank’s stock worth $31,000 after buying an additional 757 shares in the last quarter. Sageworth Trust Co of South Dakota purchased a new stake in shares of Citizens Financial Group in the second quarter worth about $31,000. Finally, Sageworth Trust Co purchased a new stake in shares of Citizens Financial Group in the second quarter worth about $32,000. Institutional investors own 88.96% of the company’s stock.

Citizens Financial Group Stock Down 1.4 %

Shares of NYSE CFG opened at $41.82 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.73. Citizens Financial Group, Inc. has a 52 week low of $32.65 and a 52 week high of $56.11. The firm’s fifty day moving average is $40.33 and its 200 day moving average is $38.47. The company has a market cap of $20.60 billion, a price-to-earnings ratio of 10.25 and a beta of 1.37.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 14th. Investors of record on Tuesday, January 31st will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Monday, January 30th. Citizens Financial Group’s payout ratio is 41.18%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays increased their price target on shares of Citizens Financial Group from $54.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Compass Point dropped their target price on shares of Citizens Financial Group to $42.00 in a research report on Thursday, October 20th. Morgan Stanley lifted their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Monday, December 5th. DA Davidson assumed coverage on shares of Citizens Financial Group in a research report on Wednesday, December 21st. They set a “buy” rating and a $47.00 target price for the company. Finally, Citigroup lifted their target price on shares of Citizens Financial Group to $42.00 in a research report on Tuesday, November 15th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.50.

About Citizens Financial Group

(Get Rating)

Citizens Financial Group, Inc engages in the provision of commercial banking services. It operates through the Consumer Banking and Commercial Banking segments. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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