Dynamic Advisor Solutions LLC Purchases Shares of 41,288 Citizens Financial Group, Inc. $CFG

Dynamic Advisor Solutions LLC purchased a new stake in Citizens Financial Group, Inc. (NYSE:CFG) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 41,288 shares of the bank’s stock, valued at approximately $2,412,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital World Investors raised its stake in shares of Citizens Financial Group by 1.7% during the 3rd quarter. Capital World Investors now owns 37,289,711 shares of the bank’s stock worth $1,982,532,000 after acquiring an additional 614,181 shares in the last quarter. Invesco Ltd. lifted its position in Citizens Financial Group by 1.7% during the third quarter. Invesco Ltd. now owns 24,064,513 shares of the bank’s stock valued at $1,279,270,000 after acquiring an additional 393,158 shares during the last quarter. Nordea Investment Management AB boosted its stake in Citizens Financial Group by 7.5% in the fourth quarter. Nordea Investment Management AB now owns 7,220,986 shares of the bank’s stock valued at $423,222,000 after acquiring an additional 505,614 shares in the last quarter. Capital International Investors boosted its stake in Citizens Financial Group by 2.3% in the third quarter. Capital International Investors now owns 6,047,378 shares of the bank’s stock valued at $321,534,000 after acquiring an additional 138,688 shares in the last quarter. Finally, Ninety One UK Ltd purchased a new position in Citizens Financial Group in the third quarter worth $308,946,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Up 1.6%

NYSE CFG opened at $58.93 on Wednesday. The company has a fifty day simple moving average of $61.91 and a two-hundred day simple moving average of $56.93. The stock has a market cap of $25.04 billion, a P/E ratio of 15.23, a P/E/G ratio of 0.47 and a beta of 0.70. Citizens Financial Group, Inc. has a 12-month low of $32.60 and a 12-month high of $68.79. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.46.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, topping the consensus estimate of $1.11 by $0.02. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. On average, analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

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

Insider Buying and Selling

In other Citizens Financial Group news, insider Susan Lamonica sold 13,258 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total transaction of $769,494.32. Following the sale, the insider owned 165,971 shares in the company, valued at approximately $9,632,956.84. The trade was a 7.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Morgan Stanley upped their price target on Citizens Financial Group from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Evercore raised their price objective on Citizens Financial Group from $69.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Royal Bank Of Canada boosted their target price on Citizens Financial Group from $60.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. DA Davidson upped 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 cut Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and increased their price target for the company from $62.00 to $66.00 in a research note on Wednesday, January 7th. Twenty analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.59.

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.