Citizens Financial Group, Inc. (NYSE:CFG) Shares Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. boosted its position in Citizens Financial Group, Inc. (NYSE:CFGFree Report) by 693.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,171,070 shares of the bank’s stock after buying an additional 1,023,504 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.25% of Citizens Financial Group worth $31,385,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CFG. State of New Jersey Common Pension Fund D boosted its position in shares of Citizens Financial Group by 6.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 214,710 shares of the bank’s stock worth $5,754,000 after buying an additional 12,910 shares during the period. Pathstone Family Office LLC bought a new stake in shares of Citizens Financial Group during the 3rd quarter worth $376,000. Tealwood Asset Management Inc. boosted its stake in shares of Citizens Financial Group by 2.6% during the 3rd quarter. Tealwood Asset Management Inc. now owns 43,238 shares of the bank’s stock worth $1,159,000 after acquiring an additional 1,077 shares in the last quarter. Hosking Partners LLP boosted its stake in shares of Citizens Financial Group by 3.1% during the 3rd quarter. Hosking Partners LLP now owns 394,340 shares of the bank’s stock worth $10,568,000 after acquiring an additional 11,902 shares in the last quarter. Finally, Connable Office Inc. boosted its stake in shares of Citizens Financial Group by 7.4% during the 3rd quarter. Connable Office Inc. now owns 16,876 shares of the bank’s stock worth $452,000 after acquiring an additional 1,158 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

NYSE CFG traded up $0.06 during trading on Thursday, reaching $31.37. 4,081,927 shares of the company traded hands, compared to its average volume of 6,226,579. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 0.88. The stock’s 50 day moving average price is $32.09 and its two-hundred day moving average price is $28.97. The company has a market cap of $14.63 billion, a price-to-earnings ratio of 10.02 and a beta of 1.39. Citizens Financial Group, Inc. has a 1-year low of $22.77 and a 1-year high of $44.22.

Citizens Financial Group (NYSE:CFGGet Free Report) last posted its earnings results on Wednesday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.26). Citizens Financial Group had a net margin of 13.19% and a return on equity of 7.40%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the firm posted $1.25 EPS. The business’s revenue was down 9.2% on a year-over-year basis. As a group, analysts anticipate that Citizens Financial Group, Inc. will post 3.29 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date of this dividend is Tuesday, January 30th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 54.02%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CFG. Barclays cut Citizens Financial Group from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $38.00 to $40.00 in a research report on Tuesday, January 2nd. Wolfe Research raised Citizens Financial Group from an “underperform” rating to a “peer perform” rating in a research report on Monday, October 23rd. Piper Sandler cut Citizens Financial Group from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $29.00 to $26.00 in a research report on Wednesday, October 25th. Citigroup raised Citizens Financial Group from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Monday. Finally, UBS Group increased their price objective on Citizens Financial Group from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Hold” and a consensus target price of $35.00.

View Our Latest Stock Report on Citizens Financial Group

About Citizens Financial Group

(Free Report)

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

Read More

Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.