Synovus Financial Corp grew its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 67.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,524 shares of the bank’s stock after acquiring an additional 1,417 shares during the period. Synovus Financial Corp’s holdings in Citizens Financial Group were worth $137,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CFG. First Mercantile Trust Co. acquired a new stake in Citizens Financial Group during the 2nd quarter worth about $102,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Citizens Financial Group by 8,430.3% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,815 shares of the bank’s stock valued at $110,000 after buying an additional 2,782 shares during the period. TRUE Private Wealth Advisors acquired a new stake in shares of Citizens Financial Group in the 3rd quarter valued at about $113,000. Acadian Asset Management LLC acquired a new stake in shares of Citizens Financial Group in the 3rd quarter valued at about $158,000. Finally, Qube Research & Technologies Ltd grew its stake in shares of Citizens Financial Group by 120.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 5,120 shares of the bank’s stock valued at $199,000 after buying an additional 2,795 shares during the period. Hedge funds and other institutional investors own 97.07% of the company’s stock.

In other Citizens Financial Group news, Director Charles John Koch purchased 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 23rd. The shares were acquired at an average price of $36.32 per share, with a total value of $508,480.00. Following the transaction, the director now owns 49,937 shares in the company, valued at $1,813,711.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is currently owned by company insiders.

Several analysts have recently commented on CFG shares. ValuEngine downgraded Citizens Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Bank of America upgraded Citizens Financial Group from an “underperform” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Monday, October 22nd. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, July 24th. Morgan Stanley reduced their target price on Citizens Financial Group from $53.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, September 18th. Finally, Macquarie upgraded Citizens Financial Group from an “underperform” rating to a “neutral” rating and set a $38.00 target price for the company in a research note on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $45.09.

Shares of NYSE CFG opened at $38.06 on Friday. Citizens Financial Group Inc has a fifty-two week low of $34.88 and a fifty-two week high of $48.23. The stock has a market capitalization of $18.08 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 0.70 and a beta of 1.25. The company has a current ratio of 1.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.79.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, October 19th. The bank reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.03. Citizens Financial Group had a net margin of 27.12% and a return on equity of 8.11%. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, sell-side analysts expect that Citizens Financial Group Inc will post 3.52 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Wednesday, October 31st will be given a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $1.08 annualized dividend and a yield of 2.84%. Citizens Financial Group’s payout ratio is 41.86%.

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Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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

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