Intrust Bank NA increased its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 22.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,131 shares of the bank’s stock after purchasing an additional 1,666 shares during the quarter. Intrust Bank NA’s holdings in Citizens Financial Group were worth $345,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in Citizens Financial Group during the 3rd quarter valued at about $3,233,000. Lipe & Dalton purchased a new position in Citizens Financial Group during the 3rd quarter valued at about $207,000. Global X MANAGEMENT CO LLC increased its holdings in Citizens Financial Group by 11.0% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 21,042 shares of the bank’s stock valued at $797,000 after acquiring an additional 2,084 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Citizens Financial Group by 1.6% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 240,504 shares of the bank’s stock valued at $9,108,000 after acquiring an additional 3,841 shares in the last quarter. Finally, Boston Partners increased its holdings in Citizens Financial Group by 90.2% during the 3rd quarter. Boston Partners now owns 774,315 shares of the bank’s stock valued at $29,323,000 after acquiring an additional 367,306 shares in the last quarter. Hedge funds and other institutional investors own 98.15% of the company’s stock.

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Several research firms have weighed in on CFG. Zacks Investment Research downgraded shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Citizens Financial Group in a report on Monday, October 23rd. Barclays PLC raised their target price on shares of Citizens Financial Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Citigroup Inc. reiterated a “neutral” rating and set a $42.00 price target (up from $38.00) on shares of Citizens Financial Group in a report on Monday, October 9th. Finally, Bank of America Corporation reiterated an “underperform” rating and set a $40.00 price target (down from $41.00) on shares of Citizens Financial Group in a report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Citizens Financial Group presently has an average rating of “Hold” and an average price target of $38.60.

Citizens Financial Group, Inc. (NYSE CFG) opened at $37.20 on Tuesday. The firm has a market cap of $18,046.24, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 0.94 and a beta of 1.35. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.97 and a current ratio of 0.98. Citizens Financial Group, Inc. has a 12-month low of $30.09 and a 12-month high of $39.75.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, October 20th. The bank reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. Citizens Financial Group’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. equities research analysts predict that Citizens Financial Group, Inc. will post 2.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, October 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.94%. Citizens Financial Group’s dividend payout ratio (DPR) is 29.15%.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

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

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