Savant Capital LLC Increases Holdings in Citizens Financial Group, Inc. $CFG

Savant Capital LLC grew its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 13.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 76,402 shares of the bank’s stock after purchasing an additional 9,219 shares during the quarter. Savant Capital LLC’s holdings in Citizens Financial Group were worth $4,062,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. GoalVest Advisory LLC raised its position in shares of Citizens Financial Group by 16,900.0% in the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after purchasing an additional 676 shares during the last quarter. True Wealth Design LLC grew its position in Citizens Financial Group by 891.5% during the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock valued at $31,000 after purchasing an additional 526 shares during the last quarter. Capital A Wealth Management LLC increased its stake 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 valued at $36,000 after purchasing an additional 794 shares in the last quarter. State of Wyoming purchased a new position in Citizens Financial Group in the second quarter worth about $39,000. Finally, Kestra Investment Management LLC raised 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 buying an additional 892 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Trading Up 2.1%

NYSE:CFG opened at $68.05 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $68.36. The company has a market cap of $29.23 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 0.54 and a beta of 0.72. The company has a 50 day simple moving average of $60.30 and a two-hundred day simple moving average of $54.23.

Citizens Financial Group (NYSE:CFG) last released 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. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Citizens Financial Group had a return on equity of 7.89% and a net margin of 15.19%.The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. Research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 47.55%.

Analyst Ratings Changes

CFG has been the topic of a number of recent analyst reports. TD Cowen increased their price target on shares of Citizens Financial Group from $75.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Bank of America upped their price objective on Citizens Financial Group from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Truist Financial increased their target price on Citizens Financial Group from $63.00 to $71.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Argus lifted their target price on Citizens Financial Group from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $80.00 price target on shares of Citizens Financial Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Citizens Financial Group has a consensus rating of “Moderate Buy” and a consensus target price of $67.91.

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.