Citizens Financial Group, Inc. (CFG) Stake Lifted by Pegasus Partners Ltd.

Pegasus Partners Ltd. lifted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 68.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 170,356 shares of the bank’s stock after purchasing an additional 69,396 shares during the quarter. Citizens Financial Group accounts for approximately 1.5% of Pegasus Partners Ltd.’s holdings, making the stock its 11th largest position. Pegasus Partners Ltd.’s holdings in Citizens Financial Group were worth $6,451,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Legal & General Group Plc grew its stake in shares of Citizens Financial Group by 0.8% in the third quarter. Legal & General Group Plc now owns 2,745,983 shares of the bank’s stock worth $103,981,000 after purchasing an additional 22,292 shares in the last quarter. Hosking Partners LLP grew its stake in shares of Citizens Financial Group by 0.6% in the third quarter. Hosking Partners LLP now owns 1,132,234 shares of the bank’s stock worth $42,878,000 after purchasing an additional 6,359 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Citizens Financial Group by 99.2% in the third quarter. Nordea Investment Management AB now owns 255,234 shares of the bank’s stock worth $9,666,000 after purchasing an additional 127,125 shares in the last quarter. ETRADE Capital Management LLC grew its stake in shares of Citizens Financial Group by 19.2% in the third quarter. ETRADE Capital Management LLC now owns 23,461 shares of the bank’s stock worth $888,000 after purchasing an additional 3,781 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in shares of Citizens Financial Group by 0.7% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,347,000 shares of the bank’s stock worth $51,011,000 after purchasing an additional 8,700 shares in the last quarter. 95.63% of the stock is owned by institutional investors.

Several research firms have recently issued reports on CFG. Zacks Investment Research cut Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Citizens Financial Group in a research note on Monday, October 23rd. Barclays PLC raised their target price on Citizens Financial Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Citigroup Inc. reaffirmed a “neutral” rating and set a $42.00 target price (up previously from $38.00) on shares of Citizens Financial Group in a research note on Monday, October 9th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and set a $40.00 target price (down previously from $41.00) on shares of Citizens Financial Group in a research note on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $40.00.

Shares of Citizens Financial Group, Inc. (CFG) opened at $37.75 on Monday. Citizens Financial Group, Inc. has a fifty-two week low of $31.51 and a fifty-two week high of $39.75. The company has a market capitalization of $18,572.66, a price-to-earnings ratio of 15.28, a PEG ratio of 0.96 and a beta of 1.35. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.67.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, October 20th. The bank reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the business posted $0.52 earnings per share. Citizens Financial Group’s revenue was up 4.6% compared to the same quarter last year. sell-side analysts anticipate that Citizens Financial Group, Inc. will post 2.59 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Tuesday, October 31st. Citizens Financial Group’s dividend payout ratio is 29.15%.

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Citizens Financial Group Profile

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

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