16,222 Shares in Citizens Financial Group Inc (CFG) Purchased by Dean Investment Associates LLC
Dean Investment Associates LLC acquired a new position in shares of Citizens Financial Group Inc (NYSE:CFG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,222 shares of the bank’s stock, valued at approximately $614,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dana Investment Advisors Inc. lifted its stake in shares of Citizens Financial Group by 1.5% in the third quarter. Dana Investment Advisors Inc. now owns 910,025 shares of the bank’s stock valued at $34,463,000 after buying an additional 13,729 shares in the last quarter. Neuberger Berman Group LLC raised its position in Citizens Financial Group by 10.1% in the third quarter. Neuberger Berman Group LLC now owns 42,357 shares of the bank’s stock worth $1,604,000 after acquiring an additional 3,874 shares during the period. California Public Employees Retirement System raised its position in Citizens Financial Group by 0.6% in the third quarter. California Public Employees Retirement System now owns 1,438,456 shares of the bank’s stock worth $54,474,000 after acquiring an additional 8,756 shares during the period. Janney Montgomery Scott LLC raised its position in Citizens Financial Group by 185.3% in the third quarter. Janney Montgomery Scott LLC now owns 71,512 shares of the bank’s stock worth $2,708,000 after acquiring an additional 46,448 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in Citizens Financial Group by 25.7% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,940 shares of the bank’s stock worth $564,000 after acquiring an additional 3,058 shares during the period. Institutional investors own 98.84% of the company’s stock.
In other news, Director Wendy A. Watson sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $40.31, for a total value of $161,240.00. Following the completion of the sale, the director now directly owns 12,917 shares in the company, valued at approximately $520,684.27. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.21% of the company’s stock.
Citizens Financial Group Inc (CFG) opened at $40.87 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. Citizens Financial Group Inc has a 12 month low of $31.51 and a 12 month high of $42.52. The company has a market cap of $20,110.00, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 1.06 and a beta of 1.37.
Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, October 20th. The bank reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.04. The business had revenue of $1.44 billion during 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%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS. sell-side analysts expect that Citizens Financial Group Inc will post 2.59 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.76%. Citizens Financial Group’s payout ratio is 29.15%.
Several equities analysts have recently weighed in on CFG shares. BidaskClub upgraded shares of Citizens Financial Group from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Tuesday, September 12th. Sanford C. Bernstein raised shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $38.00 to $43.00 in a research note on Thursday, September 14th. Deutsche Bank reaffirmed a “hold” rating and set a $36.00 price objective (up previously from $34.00) on shares of Citizens Financial Group in a research note on Tuesday, September 26th. Finally, Bank of America reaffirmed an “underperform” rating and set a $40.00 price objective (down previously from $41.00) on shares of Citizens Financial Group in a research note on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. Citizens Financial Group has a consensus rating of “Hold” and an average target price of $40.85.
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About Citizens Financial Group
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.
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