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

Natixis Advisors LLC lifted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 16.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 712,147 shares of the bank’s stock after purchasing an additional 101,534 shares during the period. Natixis Advisors LLC owned 0.17% of Citizens Financial Group worth $37,858,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Korea Investment CORP increased its holdings in Citizens Financial Group by 316.9% during the 3rd 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 period. Munich Reinsurance Co Stock Corp in Munich purchased a new stake in Citizens Financial Group in the 3rd quarter worth approximately $2,114,000. Ameriflex Group Inc. lifted its holdings in 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 period. Blair William & Co. IL grew its position 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 stake in shares of Citizens Financial Group in the 3rd quarter worth approximately $205,000. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Trading Up 0.3%

CFG opened at $58.19 on Tuesday. 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, Inc. has a 52 week low of $32.60 and a 52 week high of $68.79. The stock has a market cap of $24.73 billion, a PE ratio of 15.04, a PEG ratio of 0.47 and a beta of 0.70. The business has a 50 day moving average of $62.51 and a 200-day moving average of $56.50.

Citizens Financial Group (NYSE:CFG) last issued 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 company 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 7.81% and a net margin of 15.19%.The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. Equities research analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Wednesday, February 4th. Citizens Financial Group’s payout ratio is 47.55%.

Analyst Ratings Changes

A number of brokerages recently commented on CFG. Cantor Fitzgerald restated an “overweight” rating and set a $75.00 target price on shares of Citizens Financial Group in a report on Tuesday, March 3rd. Evercore lifted their price target on shares of Citizens Financial Group from $69.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Robert W. Baird raised shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 price objective on the stock in a research report on Monday. Jefferies Financial Group restated a “buy” rating and issued a $80.00 price objective on shares of Citizens Financial Group in a report on Wednesday, January 21st. Finally, Raymond James Financial cut shares of Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $62.00 to $66.00 in a research report on Wednesday, January 7th. Twenty equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.