Russell Investments Group Ltd. Has $60.65 Million Holdings in Citizens Financial Group, Inc. $CFG

Russell Investments Group Ltd. lifted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 0.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,140,748 shares of the bank’s stock after acquiring an additional 10,035 shares during the period. Russell Investments Group Ltd.’s holdings in Citizens Financial Group were worth $60,654,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. True Wealth Design LLC lifted its holdings in Citizens Financial Group by 891.5% in the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after purchasing an additional 526 shares during the last quarter. Capital A Wealth Management LLC lifted its position in Citizens Financial Group by 3,970.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock worth $36,000 after acquiring an additional 794 shares during the last quarter. State of Wyoming bought a new stake in Citizens Financial Group during the second quarter valued at about $39,000. Kestra Investment Management LLC grew its position in shares of Citizens Financial Group by 2,703.0% in the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock valued at $41,000 after purchasing an additional 892 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Citizens Financial Group in the second quarter worth about $45,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Raymond James Financial lowered Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and upped their price target for the stock from $62.00 to $66.00 in a report on Wednesday, January 7th. Weiss Ratings raised shares of Citizens Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Truist Financial upped their target price on shares of Citizens Financial Group from $63.00 to $71.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Royal Bank Of Canada increased their price target on shares of Citizens Financial Group from $60.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Finally, Evercore boosted their price objective on shares of Citizens Financial Group from $69.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Twenty analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.95.

Citizens Financial Group Stock Performance

NYSE CFG opened at $58.87 on Wednesday. The stock has a market cap of $25.02 billion, a P/E ratio of 15.21, a PEG ratio of 0.47 and a beta of 0.70. The company’s 50-day simple moving average is $62.51 and its 200 day simple moving average is $56.55. Citizens Financial Group, Inc. has a twelve month low of $32.60 and a twelve month high of $68.79. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.46.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 15.19% and a return on equity of 7.81%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 earnings per share. As a group, research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th were issued a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a $1.84 annualized dividend and a dividend yield of 3.1%. Citizens Financial Group’s dividend payout ratio is presently 47.55%.

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.