Citizens Financial Group Inc (NYSE:CFG) – Jefferies Financial Group decreased their Q4 2019 EPS estimates for shares of Citizens Financial Group in a research note issued to investors on Sunday, October 20th. Jefferies Financial Group analyst K. Usdin now forecasts that the bank will earn $0.97 per share for the quarter, down from their previous estimate of $1.00. Jefferies Financial Group also issued estimates for Citizens Financial Group’s Q1 2020 earnings at $0.88 EPS, Q2 2020 earnings at $0.96 EPS, Q3 2020 earnings at $0.99 EPS, Q4 2020 earnings at $1.02 EPS and FY2021 earnings at $4.05 EPS.
Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, October 18th. The bank reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Citizens Financial Group had a net margin of 22.29% and a return on equity of 8.85%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 EPS.
Shares of Citizens Financial Group stock opened at $35.58 on Wednesday. The firm has a market cap of $16.07 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 1.55 and a beta of 1.47. The firm’s 50-day simple moving average is $35.08 and its 200-day simple moving average is $34.87. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.96 and a current ratio of 0.97. Citizens Financial Group has a 1 year low of $27.62 and a 1 year high of $38.64.
Institutional investors have recently bought and sold shares of the company. Wealthcare Advisory Partners LLC lifted its position in shares of Citizens Financial Group by 23,866.7% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 719 shares of the bank’s stock valued at $25,000 after acquiring an additional 716 shares in the last quarter. Atwater Malick LLC purchased a new stake in shares of Citizens Financial Group in the 3rd quarter valued at approximately $30,000. Assetmark Inc. lifted its position in shares of Citizens Financial Group by 243.6% in the 2nd quarter. Assetmark Inc. now owns 962 shares of the bank’s stock valued at $34,000 after acquiring an additional 682 shares in the last quarter. Oakworth Capital Inc. lifted its position in shares of Citizens Financial Group by 739.0% in the 2nd quarter. Oakworth Capital Inc. now owns 1,183 shares of the bank’s stock valued at $41,000 after acquiring an additional 1,042 shares in the last quarter. Finally, CSat Investment Advisory L.P. lifted its position in shares of Citizens Financial Group by 162.6% in the 2nd quarter. CSat Investment Advisory L.P. now owns 1,363 shares of the bank’s stock valued at $48,000 after acquiring an additional 844 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.
In related news, Director Charles John Koch acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was acquired at an average cost of $32.45 per share, for a total transaction of $486,750.00. Following the completion of the acquisition, the director now directly owns 68,781 shares of the company’s stock, valued at approximately $2,231,943.45. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.32% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Tuesday, October 29th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 40.45%.
Citizens Financial Group Company Profile
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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