Curi RMB Capital LLC Has $7.71 Million Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Curi RMB Capital LLC increased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 187,776 shares of the bank’s stock after acquiring an additional 3,636 shares during the period. Curi RMB Capital LLC’s holdings in Citizens Financial Group were worth $7,712,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Innealta Capital LLC bought a new position in Citizens Financial Group during the second quarter worth about $25,000. Costello Asset Management INC bought a new position in shares of Citizens Financial Group during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new position in shares of Citizens Financial Group during the 3rd quarter worth approximately $27,000. Catalyst Capital Advisors LLC acquired a new stake in Citizens Financial Group in the 3rd quarter valued at $28,000. Finally, Versant Capital Management Inc grew its position in Citizens Financial Group by 262.8% in the second quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock valued at $34,000 after acquiring an additional 678 shares during the period. Institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

CFG has been the subject of a number of analyst reports. Royal Bank of Canada lifted their price objective on Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. UBS Group lifted their price target on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Stephens upped their price objective on shares of Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Piper Sandler boosted their target price on Citizens Financial Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $43.80.

Citizens Financial Group Stock Up 0.3 %

NYSE CFG opened at $46.58 on Friday. The stock has a market capitalization of $20.53 billion, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 1.77 and a beta of 1.07. Citizens Financial Group, Inc. has a 52 week low of $26.13 and a 52 week high of $48.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. The stock has a fifty day moving average of $41.97 and a 200-day moving average of $39.25.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 earnings per share. On average, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio is 66.14%.

Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.