Raymond James & Associates Has $13.70 Million Position in Citizens Financial Group, Inc. (NYSE:CFG)

Raymond James & Associates reduced its position in shares of Citizens Financial Group, Inc. (NYSE:CFGFree Report) by 10.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 333,520 shares of the bank’s stock after selling 39,951 shares during the period. Raymond James & Associates owned about 0.07% of Citizens Financial Group worth $13,698,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CFG. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Citizens Financial Group by 35.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,203 shares of the bank’s stock worth $2,838,000 after purchasing an additional 20,649 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Citizens Financial Group by 101.6% during the first quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock worth $27,641,000 after acquiring an additional 383,947 shares during the last quarter. Duality Advisers LP acquired a new position in shares of Citizens Financial Group in the first quarter worth approximately $1,180,000. SG Americas Securities LLC increased its position in Citizens Financial Group by 642.6% during the 1st quarter. SG Americas Securities LLC now owns 272,676 shares of the bank’s stock valued at $9,895,000 after purchasing an additional 235,958 shares during the period. Finally, UniSuper Management Pty Ltd raised its holdings in Citizens Financial Group by 1,045.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 25,692 shares of the bank’s stock worth $932,000 after purchasing an additional 23,449 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

NYSE:CFG opened at $41.51 on Monday. The business has a fifty day simple moving average of $41.45 and a two-hundred day simple moving average of $38.34. Citizens Financial Group, Inc. has a 1 year low of $22.77 and a 1 year high of $44.39. The company has a market capitalization of $18.89 billion, a P/E ratio of 15.04, a P/E/G ratio of 1.42 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86.

Citizens Financial Group (NYSE:CFGGet Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, analysts expect that Citizens Financial Group, Inc. will post 3.22 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.05%. Citizens Financial Group’s payout ratio is currently 60.87%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CFG shares. Barclays increased their price objective on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods boosted their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a research note on Monday, September 30th. Piper Sandler lifted their target price on Citizens Financial Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. DA Davidson increased their price target on Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, Stephens lifted their price objective on shares of Citizens Financial Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $43.80.

Read Our Latest Analysis on Citizens Financial Group

Citizens Financial Group Profile

(Free Report)

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.

See Also

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

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