Citizens Financial Group, Inc. $CFG Holdings Boosted by Choreo LLC

Choreo LLC grew its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 106.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,293 shares of the bank’s stock after purchasing an additional 14,580 shares during the quarter. Choreo LLC’s holdings in Citizens Financial Group were worth $1,504,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Citizens Financial Group by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 51,548,977 shares of the bank’s stock valued at $2,306,817,000 after purchasing an additional 209,467 shares during the period. Invesco Ltd. lifted its stake in Citizens Financial Group by 1.2% in the second quarter. Invesco Ltd. now owns 23,671,355 shares of the bank’s stock valued at $1,059,293,000 after buying an additional 283,321 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Citizens Financial Group by 4.9% during the third quarter. Nordea Investment Management AB now owns 6,715,372 shares of the bank’s stock valued at $353,430,000 after acquiring an additional 315,467 shares during the period. LSV Asset Management boosted its holdings in shares of Citizens Financial Group by 14.5% during the second quarter. LSV Asset Management now owns 6,562,791 shares of the bank’s stock valued at $293,685,000 after acquiring an additional 833,399 shares during the period. Finally, Ninety One UK Ltd bought a new position in shares of Citizens Financial Group during the third quarter worth about $308,946,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Stock Down 5.9%

Shares of CFG stock opened at $60.07 on Monday. Citizens Financial Group, Inc. has a 1 year low of $32.60 and a 1 year high of $68.79. The stock has a market cap of $25.53 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 0.49 and a beta of 0.70. The business’s fifty day moving average is $62.54 and its 200-day moving average is $56.04. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.02. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. Equities analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio is presently 47.55%.

Analyst Ratings Changes

Several analysts recently weighed in on CFG shares. Argus lifted their price objective on shares of Citizens Financial Group from $60.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. TD Cowen lifted their price target on Citizens Financial Group from $75.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. New Street Research set a $73.00 price objective on Citizens Financial Group in a report on Thursday, January 22nd. DA Davidson raised their target price on Citizens Financial Group from $65.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, Raymond James Financial lowered Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from $62.00 to $66.00 in a research report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus target price of $68.77.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.