LifeWealth Investments LLC Decreases Position in Citizens Financial Group, Inc. $CFG

LifeWealth Investments LLC decreased its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 21.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,299 shares of the bank’s stock after selling 2,846 shares during the period. LifeWealth Investments LLC’s holdings in Citizens Financial Group were worth $461,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CFG. Investors Research Corp boosted its position in shares of Citizens Financial Group by 344.8% in the second quarter. Investors Research Corp now owns 645 shares of the bank’s stock worth $29,000 after buying an additional 500 shares during the period. Trust Co. of Vermont boosted its position in shares of Citizens Financial Group by 177.5% in the second quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock worth $29,000 after buying an additional 410 shares during the period. REAP Financial Group LLC boosted its holdings in Citizens Financial Group by 72.4% in the second quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock valued at $33,000 after purchasing an additional 309 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in Citizens Financial Group by 143.4% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,076 shares of the bank’s stock valued at $44,000 after purchasing an additional 634 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new position in Citizens Financial Group in the first quarter valued at about $46,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

CFG has been the topic of several research reports. Wall Street Zen upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Citizens Financial Group in a research report on Wednesday, October 8th. Raymond James Financial set a $62.00 price target on Citizens Financial Group and gave the stock a “strong-buy” rating in a research report on Tuesday, October 7th. Wells Fargo & Company set a $57.00 target price on Citizens Financial Group in a research report on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods upgraded Citizens Financial Group from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a research report on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.57.

Citizens Financial Group Stock Performance

Shares of NYSE CFG opened at $50.59 on Thursday. The firm has a market cap of $21.82 billion, a P/E ratio of 14.17, a PEG ratio of 0.54 and a beta of 0.79. 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 stock has a fifty day moving average price of $51.53 and a two-hundred day moving average price of $45.41. Citizens Financial Group, Inc. has a 1 year low of $32.60 and a 1 year high of $55.24.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, October 15th. The bank reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.02. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.10 billion. Citizens Financial Group had a return on equity of 7.48% and a net margin of 14.17%.The company’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company posted $0.79 EPS. Research analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Wednesday, October 29th will be issued a $0.46 dividend. The ex-dividend date is Wednesday, October 29th. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.6%. Citizens Financial Group’s dividend payout ratio is currently 47.06%.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.