Crossmark Global Holdings Inc. Has $2.51 Million Position in Citizens Financial Group, Inc. $CFG

Crossmark Global Holdings Inc. increased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 112.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,113 shares of the bank’s stock after acquiring an additional 24,934 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Citizens Financial Group were worth $2,505,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CFG. True Wealth Design LLC raised 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 valued at $31,000 after purchasing an additional 526 shares during the period. Capital A Wealth Management LLC boosted its position in shares of 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 in the last quarter. State of Wyoming acquired a new stake in shares of Citizens Financial Group in the 2nd quarter valued at about $39,000. Kestra Investment Management LLC increased its position 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, Elevation Point Wealth Partners LLC bought a new stake in Citizens Financial Group in the 2nd quarter valued at about $45,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

CFG stock opened at $58.07 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85. The business has a 50-day simple moving average of $62.53 and a two-hundred day simple moving average of $56.38. The company has a market capitalization of $24.68 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 0.47 and a beta of 0.70. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week high of $68.79.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, topping the consensus estimate of $1.11 by $0.02. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th were issued a dividend of $0.46 per share. The ex-dividend date was Wednesday, February 4th. This represents a $1.84 annualized dividend and a yield of 3.2%. Citizens Financial Group’s dividend payout ratio is 47.55%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Citizens Financial Group from $62.50 to $71.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. The Goldman Sachs Group restated a “buy” rating and set a $73.00 price objective on shares of Citizens Financial Group in a report on Tuesday, January 6th. Citigroup upped their target price on Citizens Financial Group from $65.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Morgan Stanley increased their target price on Citizens Financial Group from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $80.00 price target on shares of Citizens Financial Group in a research report on Wednesday, January 21st. Nineteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.73.

About Citizens Financial Group

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.