Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY lifted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,395 shares of the bank’s stock after purchasing an additional 280 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Citizens Financial Group were worth $468,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Innealta Capital LLC acquired a new position in shares of Citizens Financial Group during the 2nd quarter valued at about $25,000. Costello Asset Management INC purchased a new stake in Citizens Financial Group in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new position in Citizens Financial Group during the third quarter worth approximately $27,000. Catalyst Capital Advisors LLC purchased a new position in Citizens Financial Group during the third quarter worth approximately $28,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Citizens Financial Group by 262.8% in the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock valued at $34,000 after purchasing an additional 678 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

NYSE:CFG opened at $48.14 on Monday. Citizens Financial Group, Inc. has a 1-year low of $26.99 and a 1-year high of $49.25. The stock has a market cap of $21.22 billion, a P/E ratio of 18.95, a PEG ratio of 1.83 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. The firm has a 50-day moving average of $43.54 and a two-hundred day moving average of $40.26.

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

Citizens Financial Group Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on CFG. Keefe, Bruyette & Woods upped their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a report on Monday, September 30th. Citigroup raised their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Barclays boosted their target price on Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Royal Bank of Canada raised their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, Morgan Stanley boosted their price objective on shares of Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.47.

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.