First Business Financial Services Inc. Takes Position in Citizens Financial Group Inc (CFG)

First Business Financial Services Inc. acquired a new position in shares of Citizens Financial Group Inc (NYSE:CFG) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 19,848 shares of the bank’s stock, valued at approximately $833,000. Citizens Financial Group accounts for approximately 0.2% of First Business Financial Services Inc.’s holdings, making the stock its 27th biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Barings LLC increased its position in Citizens Financial Group by 45.1% during the 3rd quarter. Barings LLC now owns 86,900 shares of the bank’s stock worth $3,291,000 after purchasing an additional 27,000 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in Citizens Financial Group by 0.7% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,347,000 shares of the bank’s stock worth $51,011,000 after acquiring an additional 8,700 shares during the last quarter. Boston Advisors LLC grew its holdings in Citizens Financial Group by 10.4% during the 3rd quarter. Boston Advisors LLC now owns 660,245 shares of the bank’s stock worth $25,003,000 after acquiring an additional 61,942 shares during the last quarter. Toronto Dominion Bank grew its holdings in Citizens Financial Group by 10.7% during the 3rd quarter. Toronto Dominion Bank now owns 192,364 shares of the bank’s stock worth $7,284,000 after acquiring an additional 18,523 shares during the last quarter. Finally, Dean Investment Associates LLC bought a new stake in Citizens Financial Group during the 3rd quarter worth approximately $614,000. Institutional investors and hedge funds own 98.38% of the company’s stock.

Shares of Citizens Financial Group Inc (NYSE CFG) opened at $43.05 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.96. Citizens Financial Group Inc has a 12 month low of $31.51 and a 12 month high of $48.23. The company has a market cap of $20,757.12, a price-to-earnings ratio of 13.17, a PEG ratio of 0.70 and a beta of 1.39.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, January 19th. The bank reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.04. Citizens Financial Group had a net margin of 25.60% and a return on equity of 6.73%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the firm posted $0.55 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. sell-side analysts anticipate that Citizens Financial Group Inc will post 3.36 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a $0.22 dividend. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.18. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Wednesday, January 31st. Citizens Financial Group’s dividend payout ratio is currently 26.91%.

In other news, Director Wendy A. Watson sold 4,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.31, for a total value of $161,240.00. Following the sale, the director now directly owns 12,917 shares of the company’s stock, valued at approximately $520,684.27. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.21% of the company’s stock.

A number of research firms have weighed in on CFG. Sanford C. Bernstein set a $52.00 target price on shares of Citizens Financial Group and gave the stock a “buy” rating in a report on Monday, January 22nd. TheStreet raised shares of Citizens Financial Group from a “c” rating to an “a+” rating in a report on Monday, November 27th. Royal Bank of Canada reissued a “hold” rating and set a $45.00 target price on shares of Citizens Financial Group in a report on Sunday, January 21st. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Monday, December 4th. Finally, Barclays boosted their target price on shares of Citizens Financial Group from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $42.36.

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

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