Rhumbline Advisers Acquires 15,654 Shares of Citizens Financial Group, Inc. (CFG)

Rhumbline Advisers increased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 926,385 shares of the bank’s stock after buying an additional 15,654 shares during the period. Rhumbline Advisers owned about 0.19% of Citizens Financial Group worth $35,082,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sun Life Financial INC increased its stake in Citizens Financial Group by 41,266.7% during the 2nd quarter. Sun Life Financial INC now owns 3,723 shares of the bank’s stock worth $133,000 after buying an additional 3,714 shares during the period. Smithfield Trust Co. increased its stake in Citizens Financial Group by 1.4% during the 2nd quarter. Smithfield Trust Co. now owns 4,994 shares of the bank’s stock worth $178,000 after buying an additional 70 shares during the period. Lipe & Dalton purchased a new stake in shares of Citizens Financial Group in the 3rd quarter valued at approximately $207,000. Colony Group LLC purchased a new stake in shares of Citizens Financial Group in the 2nd quarter valued at approximately $210,000. Finally, Courier Capital LLC purchased a new stake in shares of Citizens Financial Group in the 2nd quarter valued at approximately $214,000. 98.15% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group, Inc. (NYSE:CFG) opened at $37.92 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. The stock has a market cap of $18,764.55, a PE ratio of 15.44, a PEG ratio of 0.97 and a beta of 1.35. Citizens Financial Group, Inc. has a twelve month low of $30.69 and a twelve month high of $39.75.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, October 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.90%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 29.15%.

A number of equities research analysts have commented on CFG shares. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Citizens Financial Group in a research report on Monday, October 23rd. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Tuesday, September 12th. Barclays PLC increased their price objective on shares of Citizens Financial Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Citigroup Inc. reissued a “neutral” rating and issued a $42.00 price objective (up from $38.00) on shares of Citizens Financial Group in a research report on Monday, October 9th. Finally, Sanford C. Bernstein raised shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $38.00 to $43.00 in a research report on Thursday, September 14th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.14.

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Citizens Financial Group Profile

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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