Dupont Capital Management Corp Has $7.66 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Dupont Capital Management Corp lifted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 202,153 shares of the bank’s stock after purchasing an additional 3,981 shares during the period. Dupont Capital Management Corp’s holdings in Citizens Financial Group were worth $7,656,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. OppenheimerFunds Inc. grew its position in Citizens Financial Group by 29.4% during the first quarter. OppenheimerFunds Inc. now owns 22,789 shares of the bank’s stock worth $787,000 after buying an additional 5,177 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in shares of Citizens Financial Group by 76.6% in the 1st quarter. Gotham Asset Management LLC now owns 17,078 shares of the bank’s stock valued at $590,000 after purchasing an additional 7,409 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Citizens Financial Group by 2.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 292,048 shares of the bank’s stock valued at $10,090,000 after purchasing an additional 7,017 shares in the last quarter. Pointe Capital Management LLC acquired a new stake in shares of Citizens Financial Group in the 1st quarter valued at $739,000. Finally, Clearbridge Investments LLC boosted its holdings in shares of Citizens Financial Group by 1.9% in the 1st quarter. Clearbridge Investments LLC now owns 18,250 shares of the bank’s stock valued at $631,000 after purchasing an additional 336 shares in the last quarter. Institutional investors own 98.15% of the company’s stock.

CFG has been the topic of a number of research analyst reports. TheStreet raised Citizens Financial Group from a “c” rating to a “b-” rating in a report on Monday, August 7th. Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Tuesday, September 12th. Keefe, Bruyette & Woods set a $40.00 price objective on Citizens Financial Group and gave the company a “buy” rating in a report on Friday, August 11th. Barclays PLC raised their target price on Citizens Financial Group from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Finally, BidaskClub lowered Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.60.

Citizens Financial Group, Inc. (NYSE CFG) traded down $0.13 during trading on Monday, hitting $36.68. 3,615,000 shares of the stock traded hands, compared to its average volume of 4,727,217. The company has a market capitalization of $18,046.24, a PE ratio of 14.85, a P/E/G ratio of 0.94 and a beta of 1.35. Citizens Financial Group, Inc. has a 52-week low of $29.05 and a 52-week high of $39.75. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.67.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, October 20th. The bank reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 earnings per share. equities research analysts forecast that Citizens Financial Group, Inc. will post 2.59 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Tuesday, October 31st. Citizens Financial Group’s dividend payout ratio (DPR) is 29.15%.

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About Citizens Financial Group

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

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

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