WealthTrust Asset Management LLC Makes New Investment in Citizens Financial Group, Inc. $CFG

WealthTrust Asset Management LLC bought a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,752 shares of the bank’s stock, valued at approximately $891,000.

A number of other institutional investors have also bought and sold shares of the business. True Wealth Design LLC raised its position in shares of 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 buying an additional 526 shares during the period. Capital A Wealth Management LLC raised its holdings in shares of Citizens Financial Group by 3,970.0% in 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 during the period. State of Wyoming acquired a new position in Citizens Financial Group in the 2nd quarter valued at about $39,000. Kestra Investment Management LLC lifted 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 worth $41,000 after buying an additional 892 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Citizens Financial Group in the second quarter valued at $45,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Down 5.9%

NYSE:CFG opened at $60.07 on Friday. The stock has a 50-day simple moving average of $62.54 and a 200 day simple moving average of $55.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85. Citizens Financial Group, Inc. has a one year low of $32.60 and a one year high of $68.79. The company has a market capitalization of $25.53 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 0.52 and a beta of 0.72.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the company posted $0.85 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS 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. Shareholders of record on Wednesday, February 4th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio is presently 47.55%.

Analyst Ratings Changes

A number of brokerages have commented on CFG. Jefferies Financial Group reissued a “buy” rating and issued a $80.00 price objective on shares of Citizens Financial Group in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods boosted their target price on Citizens Financial Group from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Royal Bank Of Canada lifted their target price 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. JPMorgan Chase & Co. boosted their price target on Citizens Financial Group from $62.50 to $71.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Finally, Bank of America boosted their target price on Citizens Financial Group from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Citizens Financial Group has an average rating of “Moderate Buy” and an average price target of $68.77.

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.