Citizens Financial Group, Inc. $CFG Shares Acquired by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC increased its position in Citizens Financial Group, Inc. (NYSE:CFG) by 284.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,927 shares of the bank’s stock after purchasing an additional 13,270 shares during the period. Aaron Wealth Advisors LLC’s holdings in Citizens Financial Group were worth $953,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Investors Research Corp grew its holdings in shares of Citizens Financial Group by 344.8% during the second quarter. Investors Research Corp now owns 645 shares of the bank’s stock valued at $29,000 after purchasing an additional 500 shares during the last quarter. Trust Co. of Vermont lifted its holdings in shares of Citizens Financial Group by 177.5% in the 2nd quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock worth $29,000 after purchasing an additional 410 shares during the last quarter. GoalVest Advisory LLC grew its stake in Citizens Financial Group by 16,900.0% during the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after buying an additional 676 shares during the last quarter. REAP Financial Group LLC increased its holdings in shares of Citizens Financial Group by 72.4% in the 2nd quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock worth $33,000 after acquiring an additional 309 shares during the period. Finally, Capital A Wealth Management LLC raised its holdings in shares of Citizens Financial Group by 3,970.0% during the second quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock valued at $36,000 after buying an additional 794 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Trading Up 0.8%

Shares of NYSE:CFG opened at $58.63 on Thursday. The firm has a fifty day moving average of $52.82 and a two-hundred day moving average of $49.81. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. Citizens Financial Group, Inc. has a 12-month low of $32.60 and a 12-month high of $59.31. The firm has a market capitalization of $25.18 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 0.62 and a beta of 0.74.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, October 15th. The bank reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.02. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.10 billion. Citizens Financial Group had a return on equity of 7.48% and a net margin of 14.17%.Citizens Financial Group’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company earned $0.79 earnings per share. On average, equities analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Wednesday, October 29th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.1%. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.42. Citizens Financial Group’s payout ratio is currently 51.54%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CFG. Cowen restated a “buy” rating on shares of Citizens Financial Group in a research note on Monday, December 1st. DA Davidson reaffirmed a “buy” rating and set a $59.00 target price on shares of Citizens Financial Group in a research note on Thursday, October 16th. Raymond James Financial set a $62.00 target price on shares of Citizens Financial Group and gave the stock a “strong-buy” rating in a report on Tuesday, October 7th. Morgan Stanley raised Citizens Financial Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $53.00 to $71.00 in a research note on Monday, September 29th. Finally, Truist Financial cut their price objective on Citizens Financial Group from $58.00 to $56.00 and set a “hold” rating on the stock in a report on Friday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $57.24.

About Citizens Financial Group

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.