Larson Financial Group LLC Buys 5,318 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Larson Financial Group LLC lifted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 432.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,547 shares of the bank’s stock after acquiring an additional 5,318 shares during the period. Larson Financial Group LLC’s holdings in Citizens Financial Group were worth $269,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CFG. California State Teachers Retirement System grew its holdings in shares of Citizens Financial Group by 3.9% during the 1st quarter. California State Teachers Retirement System now owns 894,552 shares of the bank’s stock valued at $32,463,000 after purchasing an additional 33,455 shares during the last quarter. Comerica Bank grew its holdings in Citizens Financial Group by 57.9% during the 1st quarter. Comerica Bank now owns 296,454 shares of the bank’s stock worth $10,758,000 after acquiring an additional 108,712 shares during the last quarter. LRI Investments LLC bought a new stake in Citizens Financial Group during the 1st quarter worth approximately $119,000. Swedbank AB bought a new stake in Citizens Financial Group during the 1st quarter worth approximately $12,263,000. Finally, Atria Investments Inc grew its holdings in Citizens Financial Group by 21.5% during the 1st quarter. Atria Investments Inc now owns 37,702 shares of the bank’s stock worth $1,368,000 after acquiring an additional 6,681 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Stock Up 0.1 %

Citizens Financial Group stock opened at $48.17 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The firm’s fifty day moving average is $43.29 and its 200 day moving average is $40.07. Citizens Financial Group, Inc. has a 12-month low of $26.13 and a 12-month high of $49.25. The company has a market capitalization of $21.23 billion, a PE ratio of 18.96, a PEG ratio of 1.84 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The business’s revenue was down 5.6% on a year-over-year basis. As a group, sell-side analysts predict that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 3.49%. Citizens Financial Group’s payout ratio is 66.14%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CFG. The Goldman Sachs Group boosted their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank of Canada boosted their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Morgan Stanley boosted their price target on shares of Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a research report on Monday, September 30th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.47.

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.