Citizens Financial Group, Inc. $CFG Shares Bought by Cresset Asset Management LLC

Cresset Asset Management LLC raised its position in Citizens Financial Group, Inc. (NYSE:CFG) by 59.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,664 shares of the bank’s stock after buying an additional 10,358 shares during the period. Cresset Asset Management LLC’s holdings in Citizens Financial Group were worth $1,471,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CFG. True Wealth Design LLC increased its stake in shares of Citizens Financial Group by 891.5% in the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock valued at $31,000 after purchasing an additional 526 shares in the last quarter. Capital A Wealth Management LLC boosted its position in 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 worth $36,000 after purchasing an additional 794 shares in the last quarter. State of Wyoming purchased a new position in Citizens Financial Group during the second quarter worth approximately $39,000. Kestra Investment Management LLC grew its holdings in Citizens Financial Group by 2,703.0% in the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock valued at $41,000 after purchasing an additional 892 shares during the period. Finally, SJS Investment Consulting Inc. grew its holdings in Citizens Financial Group by 3,569.2% in the third quarter. SJS Investment Consulting Inc. now owns 954 shares of the bank’s stock valued at $51,000 after purchasing an additional 928 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

CFG has been the subject of several research analyst reports. Truist Financial upped their target price on Citizens Financial Group from $63.00 to $71.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Evercore lifted their price target on shares of Citizens Financial Group from $69.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. New Street Research set a $73.00 price target on shares of Citizens Financial Group in a report on Thursday, January 22nd. Bank of America upped their price objective on shares of Citizens Financial Group from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Citizens Financial Group from $62.50 to $71.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Nineteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Citizens Financial Group has a consensus rating of “Moderate Buy” and an average target price of $69.73.

Citizens Financial Group Stock Performance

NYSE CFG opened at $58.07 on Monday. The company has a market cap of $24.68 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 0.47 and a beta of 0.70. The stock’s 50 day simple moving average is $62.53 and its 200-day simple moving average is $56.43. Citizens Financial Group, Inc. has a 1-year low of $32.60 and a 1-year high of $68.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.85 and a quick ratio of 0.84.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, February 4th. Citizens Financial Group’s payout ratio is 47.55%.

Citizens Financial Group 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.