Citizens Financial Group, Inc. (NYSE:CFG) Shares Acquired by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. increased its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 88,829 shares of the bank’s stock after acquiring an additional 308 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Citizens Financial Group were worth $3,648,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CFG. Innealta Capital LLC acquired a new position in shares of Citizens Financial Group in the second quarter worth about $25,000. Versant Capital Management Inc lifted its stake in shares of Citizens Financial Group by 262.8% in the second quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock worth $34,000 after acquiring an additional 678 shares in the last quarter. Private Ocean LLC lifted its stake in shares of Citizens Financial Group by 484.4% in the second quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock worth $36,000 after acquiring an additional 838 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of Citizens Financial Group in the second quarter worth about $48,000. Finally, Atlas Capital Advisors LLC acquired a new position in shares of Citizens Financial Group in the second quarter worth about $48,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $42.42 on Thursday. Citizens Financial Group, Inc. has a 12-month low of $22.77 and a 12-month high of $44.39. The firm has a market capitalization of $19.30 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07. The business has a 50 day simple moving average of $41.22 and a 200 day simple moving average of $37.97. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the company posted $0.85 EPS. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.22 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Wednesday, October 30th. Citizens Financial Group’s payout ratio is currently 60.87%.

Analysts Set New Price Targets

Several brokerages have issued reports on CFG. DA Davidson upped their price objective on Citizens Financial Group from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. UBS Group upped their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Morgan Stanley upped their price objective on Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. The Goldman Sachs Group upped their price objective on Citizens Financial Group from $43.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Keefe, Bruyette & Woods upped their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Citizens Financial Group has an average rating of “Hold” and an average price target of $43.20.

Insider Buying and Selling at Citizens Financial Group

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total transaction of $170,357.88. Following the completion of the transaction, the insider now directly owns 33,620 shares of the company’s stock, valued at approximately $1,454,401.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company 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.