DekaBank Deutsche Girozentrale grew its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 6.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 265,246 shares of the bank’s stock after purchasing an additional 15,656 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.05% of Citizens Financial Group worth $9,086,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Sun Life Financial INC raised 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. raised 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 acquired a new stake in Citizens Financial Group during the 3rd quarter worth $207,000. Colony Group LLC acquired a new stake in Citizens Financial Group during the 2nd quarter worth $210,000. Finally, Courier Capital LLC acquired a new stake in Citizens Financial Group during the 2nd quarter worth $214,000. 98.15% of the stock is currently owned by institutional investors.
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Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, October 20th. The bank reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.04. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. Citizens Financial Group’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. research analysts expect that Citizens Financial Group, Inc. will post 2.59 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Tuesday, October 31st. Citizens Financial Group’s payout ratio is 29.15%.
Several analysts recently commented on CFG shares. TheStreet raised Citizens Financial Group from a “c” rating to a “b-” rating in a research note 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 research note on Tuesday, September 12th. Keefe, Bruyette & Woods set a $40.00 price objective on Citizens Financial Group and gave the stock a “buy” rating in a research note on Friday, August 11th. Barclays PLC raised their price objective on Citizens Financial Group from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $36.00 price objective (up previously from $34.00) on shares of Citizens Financial Group in a research note on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $39.14.
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.
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