Rafferty Asset Management LLC Has $18.89 Million Stock Holdings in Citizens Financial Group, Inc. $CFG

Rafferty Asset Management LLC lowered its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 13.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 355,396 shares of the bank’s stock after selling 56,588 shares during the period. Rafferty Asset Management LLC’s holdings in Citizens Financial Group were worth $18,893,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CFG. True Wealth Design LLC boosted its holdings in shares of Citizens Financial Group by 891.5% during the third quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after acquiring an additional 526 shares during the period. Capital A Wealth Management LLC lifted its holdings in Citizens Financial Group by 3,970.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock worth $36,000 after purchasing an additional 794 shares during the last quarter. State of Wyoming bought a new stake in Citizens Financial Group in the 2nd quarter valued at $39,000. Kestra Investment Management LLC grew its holdings in Citizens Financial Group by 2,703.0% in the 2nd quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock valued at $41,000 after buying an additional 892 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in Citizens Financial Group by 3,569.2% in the 3rd quarter. SJS Investment Consulting Inc. now owns 954 shares of the bank’s stock valued at $51,000 after buying an additional 928 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays set a $77.00 target price on Citizens Financial Group and gave the stock an “overweight” rating in a report on Monday, January 5th. New Street Research set a $73.00 price target on shares of Citizens Financial Group in a research report on Thursday, January 22nd. DA Davidson lifted their price objective on shares of Citizens Financial Group from $65.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Jefferies Financial Group restated a “buy” rating and set a $80.00 target price on shares of Citizens Financial Group in a research report on Wednesday, January 21st. Finally, Raymond James Financial cut shares of Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $62.00 to $66.00 in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus target price of $68.77.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock opened at $60.07 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.46. The company has a market cap of $25.53 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 0.49 and a beta of 0.72. The company has a 50 day moving average of $62.54 and a 200-day moving average of $55.99. Citizens Financial Group, Inc. has a 1-year low of $32.60 and a 1-year high of $68.79.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, beating the consensus estimate of $1.11 by $0.02. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.1%. Citizens Financial Group’s payout ratio is 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.