Citizens Financial Group, Inc. $CFG Stock Acquired by Csenge Advisory Group

Csenge Advisory Group raised its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 1,210.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,382 shares of the bank’s stock after purchasing an additional 149,986 shares during the quarter. Csenge Advisory Group’s holdings in Citizens Financial Group were worth $10,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CFG. New York Life Investment Management LLC increased its holdings in Citizens Financial Group by 1,253.0% during the third quarter. New York Life Investment Management LLC now owns 855,803 shares of the bank’s stock worth $54,566,000 after buying an additional 792,550 shares during the last quarter. Gen Wealth Partners Inc raised its position in Citizens Financial Group by 457.3% in the third quarter. Gen Wealth Partners Inc now owns 7,629 shares of the bank’s stock worth $486,000 after acquiring an additional 6,260 shares during the period. 71 West Capital Partners boosted its stake in Citizens Financial Group by 237.8% in the third quarter. 71 West Capital Partners now owns 20,913 shares of the bank’s stock valued at $1,333,000 after acquiring an additional 14,722 shares during the last quarter. Nemes Rush Group LLC boosted its stake in Citizens Financial Group by 9,937.5% in the third quarter. Nemes Rush Group LLC now owns 12,045 shares of the bank’s stock valued at $768,000 after acquiring an additional 11,925 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc grew its position in shares of Citizens Financial Group by 9.5% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,353,041 shares of the bank’s stock valued at $78,842,000 after acquiring an additional 117,183 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CFG has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Citizens Financial Group from $78.00 to $72.50 and set an “overweight” rating for the company in a research note on Friday, October 2nd. Keefe, Bruyette & Woods upped their price objective on Citizens Financial Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Bank of America reduced their price objective on Citizens Financial Group from $82.00 to $76.00 in a report on Thursday, October 8th. The Goldman Sachs Group decreased their target price on Citizens Financial Group from $81.00 to $79.00 and set a “buy” rating for the company in a research report on Monday, October 19th. Finally, Robert W. Baird boosted their target price on Citizens Financial Group from $72.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus target price of $76.79.

Citizens Financial Group Price Performance

CFG opened at $64.91 on Wednesday. The company has a market capitalization of $27.21 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 0.59 and a beta of 0.74. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $65.70 and a 200-day moving average price of $65.65. Citizens Financial Group, Inc. has a twelve month low of $49.00 and a twelve month high of $75.33.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, October 16th. The bank reported $1.41 EPS for the quarter, topping the consensus estimate of $1.39 by $0.02. Citizens Financial Group had a net margin of 18.07% and a return on equity of 9.52%. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the firm earned $1.05 EPS. Equities analysts expect that Citizens Financial Group, Inc. will post 5.30 EPS for the current year.

Citizens Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a dividend of $0.52 per share. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.46. This represents a $2.08 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 41.85%.

Citizens Financial Group Profile

Citizens Financial Group, Inc. is a bank holding company headquartered in Providence, Rhode Island. Through Citizens Bank and related businesses, it provides retail and commercial banking services to individuals, businesses and institutions. Its offerings include checking and savings accounts, mortgages, personal and business loans, credit cards, wealth management, and commercial lending and cash-management services. The company also provides capital markets and other financial services to corporate clients.