True Wealth Design LLC Purchases Shares of 2,615 Citizens Financial Group, Inc. (NYSE:CFG)

True Wealth Design LLC purchased a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,615 shares of the bank’s stock, valued at approximately $107,000.

Other large investors also recently modified their holdings of the company. LSV Asset Management raised its holdings in Citizens Financial Group by 1.8% during the second quarter. LSV Asset Management now owns 6,580,797 shares of the bank’s stock worth $237,106,000 after acquiring an additional 113,300 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Citizens Financial Group by 15.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock worth $159,550,000 after purchasing an additional 587,115 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Citizens Financial Group by 61.4% during the 2nd quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock worth $155,909,000 after purchasing an additional 1,682,886 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Citizens Financial Group by 11.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,144,635 shares of the bank’s stock valued at $129,150,000 after buying an additional 334,386 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Citizens Financial Group by 1.7% in the second quarter. Hsbc Holdings PLC now owns 2,764,090 shares of the bank’s stock valued at $99,448,000 after buying an additional 45,038 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Stock Down 0.0 %

CFG stock opened at $48.14 on Friday. Citizens Financial Group, Inc. has a 52 week low of $26.99 and a 52 week high of $49.25. The business has a 50-day simple moving average of $43.54 and a 200 day simple moving average of $40.24. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The company has a market cap of $21.22 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 1.83 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 EPS. Sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio is presently 66.14%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CFG. Barclays boosted their price objective on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Royal Bank of Canada boosted their price target on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Evercore ISI dropped their price objective on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 2nd. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Citigroup boosted their target price on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $45.47.

Citizens Financial Group Company 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.