Todd Asset Management LLC Buys 62,398 Shares of Citizens Financial Group, Inc. $CFG

Todd Asset Management LLC raised its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 7.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 896,736 shares of the bank’s stock after purchasing an additional 62,398 shares during the quarter. Todd Asset Management LLC owned 0.21% of Citizens Financial Group worth $47,670,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GoalVest Advisory LLC lifted its position in shares of Citizens Financial Group by 16,900.0% in the second quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock valued at $30,000 after acquiring an additional 676 shares in the last quarter. True Wealth Design LLC boosted its stake 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 period. Capital A Wealth Management LLC grew its holdings 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 buying an additional 794 shares in the last quarter. State of Wyoming purchased a new stake in Citizens Financial Group in the 2nd quarter worth $39,000. Finally, Kestra Investment Management LLC grew its holdings in Citizens Financial Group by 2,703.0% during the 2nd quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock valued at $41,000 after buying an additional 892 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Price Performance

Shares of CFG stock opened at $65.09 on Monday. The company has a market capitalization of $27.66 billion, a P/E ratio of 16.82, a P/E/G ratio of 0.53 and a beta of 0.72. The company’s 50-day simple moving average is $61.42 and its two-hundred day simple moving average is $54.90. Citizens Financial Group, Inc. has a one year low of $32.60 and a one year high of $68.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.85 and a quick ratio of 0.84.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.Citizens Financial Group’s quarterly 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. As a group, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio is 47.55%.

Analyst Ratings Changes

A number of equities analysts have recently commented on CFG shares. JPMorgan Chase & Co. lifted their target price on Citizens Financial Group from $62.50 to $71.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Evercore boosted their price objective on shares of Citizens Financial Group from $69.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Barclays set a $77.00 target price on shares of Citizens Financial Group and gave the stock an “overweight” rating in a report on Monday, January 5th. Raymond James Financial downgraded shares of Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and upped their price target for the company from $62.00 to $66.00 in a report on Wednesday, January 7th. Finally, New Street Research set a $73.00 price objective on shares of Citizens Financial Group in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Citizens Financial Group presently has an average rating of “Moderate Buy” and an average price target of $68.77.

About Citizens Financial Group

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.