Citizens Financial Group, Inc. $CFG Holdings Raised by National Pension Service

National Pension Service grew its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 33.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 135,208 shares of the bank’s stock after acquiring an additional 33,923 shares during the period. National Pension Service’s holdings in Citizens Financial Group were worth $7,188,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CFG. StoneX Group Inc. grew its holdings in Citizens Financial Group by 0.4% in the 2nd quarter. StoneX Group Inc. now owns 60,307 shares of the bank’s stock valued at $2,699,000 after buying an additional 213 shares during the last quarter. Brookstone Capital Management raised its position in shares of Citizens Financial Group by 2.9% during the second quarter. Brookstone Capital Management now owns 7,497 shares of the bank’s stock valued at $336,000 after buying an additional 214 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Citizens Financial Group by 4.9% in the third quarter. Versant Capital Management Inc now owns 4,821 shares of the bank’s stock valued at $256,000 after buying an additional 224 shares during the period. Gries Financial LLC grew its position in Citizens Financial Group by 3.4% during the third quarter. Gries Financial LLC now owns 7,331 shares of the bank’s stock worth $390,000 after buying an additional 243 shares in the last quarter. Finally, Wealthspire Advisors LLC increased its stake in Citizens Financial Group by 2.3% during the second quarter. Wealthspire Advisors LLC now owns 11,570 shares of the bank’s stock valued at $518,000 after acquiring an additional 257 shares during the period. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CFG has been the topic of several recent research reports. Evercore ISI reissued an “outperform” rating and set a $69.00 price objective on shares of Citizens Financial Group in a report on Tuesday, January 6th. Robert W. Baird reaffirmed a “neutral” rating and set a $60.00 price objective on shares of Citizens Financial Group in a report on Thursday, December 11th. New Street Research set a $73.00 price objective on Citizens Financial Group in a research note on Thursday, January 22nd. Morgan Stanley raised their target price on Citizens Financial Group from $71.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. Finally, Stephens reaffirmed an “overweight” rating and issued a $60.00 price target on shares of Citizens Financial Group in a research note on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.55.

Citizens Financial Group Stock Up 1.9%

Shares of NYSE:CFG opened at $66.07 on Wednesday. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $66.18. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85. The company has a market capitalization of $28.37 billion, a PE ratio of 17.07, a PEG ratio of 0.53 and a beta of 0.72. The company has a 50 day moving average price of $59.52 and a two-hundred day moving average price of $53.92.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. Citizens Financial Group had a return on equity of 7.89% and a net margin of 15.19%.The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the business earned $0.85 EPS. Citizens Financial Group’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio is presently 47.55%.

Citizens Financial Group Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.