Natixis Advisors LLC Acquires 101,534 Shares of Citizens Financial Group, Inc. $CFG

Natixis Advisors LLC boosted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 16.6% during the third quarter, Holdings Channel.com reports. The firm owned 712,147 shares of the bank’s stock after acquiring an additional 101,534 shares during the quarter. Natixis Advisors LLC’s holdings in Citizens Financial Group were worth $37,858,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Korea Investment CORP lifted its holdings in shares of Citizens Financial Group by 316.9% during the third quarter. Korea Investment CORP now owns 625,400 shares of the bank’s stock valued at $33,246,000 after purchasing an additional 475,390 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Citizens Financial Group in the 3rd quarter worth approximately $2,114,000. Ameriflex Group Inc. grew its stake in shares of Citizens Financial Group by 1,158.7% in the 3rd quarter. Ameriflex Group Inc. now owns 2,316 shares of the bank’s stock worth $123,000 after buying an additional 2,132 shares during the last quarter. Blair William & Co. IL grew its stake in shares of Citizens Financial Group by 2.2% in the 3rd quarter. Blair William & Co. IL now owns 15,749 shares of the bank’s stock worth $837,000 after buying an additional 338 shares during the last quarter. Finally, Systematic Alpha Investments LLC bought a new position in Citizens Financial Group during the 3rd quarter valued at approximately $205,000. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of CFG opened at $58.19 on Tuesday. The company has a market cap of $24.73 billion, a price-to-earnings ratio of 15.04, a P/E/G ratio of 0.47 and a beta of 0.70. The business’s fifty day simple moving average is $62.51 and its two-hundred day simple moving average is $56.50. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $68.79. 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 (NYSE:CFG) last posted its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.02. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share. Research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

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

Analysts Set New Price Targets

Several research firms have commented on CFG. Royal Bank Of Canada boosted their target price on Citizens Financial Group from $60.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. TD Cowen raised their price target on Citizens Financial Group from $75.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Argus lifted their price target on Citizens Financial Group from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Morgan Stanley upped their price target on shares of Citizens Financial Group from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Finally, Citigroup increased their price objective on shares of Citizens Financial Group from $65.00 to $71.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Twenty equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.95.

Citizens Financial Group Company 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.