Citizens Financial Group Inc (NYSE:CFG) Shares Bought by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. boosted its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 18.3% in the third quarter, HoldingsChannel reports. The firm owned 466,020 shares of the bank’s stock after buying an additional 72,069 shares during the period. ZWJ Investment Counsel Inc.’s holdings in Citizens Financial Group were worth $16,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealthcare Advisory Partners LLC raised its position in shares of Citizens Financial Group by 23,866.7% in the second quarter. Wealthcare Advisory Partners LLC now owns 719 shares of the bank’s stock worth $25,000 after acquiring an additional 716 shares during the period. Atwater Malick LLC acquired a new position in shares of Citizens Financial Group in the third quarter worth about $30,000. Assetmark Inc. raised its position in shares of Citizens Financial Group by 243.6% in the second quarter. Assetmark Inc. now owns 962 shares of the bank’s stock worth $34,000 after acquiring an additional 682 shares during the period. Oakworth Capital Inc. raised its position in shares of Citizens Financial Group by 739.0% in the second quarter. Oakworth Capital Inc. now owns 1,183 shares of the bank’s stock worth $41,000 after acquiring an additional 1,042 shares during the period. Finally, CSat Investment Advisory L.P. raised its position in shares of Citizens Financial Group by 162.6% in the second quarter. CSat Investment Advisory L.P. now owns 1,363 shares of the bank’s stock worth $48,000 after acquiring an additional 844 shares during the period. Institutional investors own 96.74% of the company’s stock.

In related news, Director Charles John Koch purchased 15,000 shares of Citizens Financial Group stock in a transaction that occurred on Tuesday, August 20th. The stock was purchased at an average price of $32.45 per share, for a total transaction of $486,750.00. Following the transaction, the director now directly owns 68,781 shares in the company, valued at $2,231,943.45. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.32% of the stock is owned by corporate insiders.

Shares of CFG traded down $0.14 during mid-day trading on Wednesday, hitting $35.80. 2,708,433 shares of the company were exchanged, compared to its average volume of 4,672,863. Citizens Financial Group Inc has a 1-year low of $27.62 and a 1-year high of $38.64. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.96 and a current ratio of 0.97. The company has a 50 day moving average of $34.98 and a 200-day moving average of $34.86. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 1.44 and a beta of 1.47.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.02. Citizens Financial Group had a net margin of 22.29% and a return on equity of 8.85%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Research analysts anticipate that Citizens Financial Group Inc will post 3.79 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $1.44 annualized dividend and a dividend yield of 4.02%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 40.45%.

A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Citizens Financial Group from a “strong sell” rating to a “hold” rating and set a $30.00 price objective for the company in a research report on Wednesday. Citigroup downgraded shares of Citizens Financial Group from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $39.00 to $32.00 in a research report on Tuesday, October 8th. UBS Group downgraded shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $40.00 to $38.00 in a research report on Wednesday, July 10th. Argus upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Citizens Financial Group from $42.00 to $39.50 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Citizens Financial Group presently has a consensus rating of “Hold” and a consensus price target of $38.65.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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

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