Legacy Investment Solutions LLC Makes New Investment in Citizens Financial Group, Inc. $CFG

Legacy Investment Solutions LLC purchased a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the second quarter, HoldingsChannel.com reports. The fund purchased 1,167 shares of the bank’s stock, valued at approximately $52,000.

A number of other institutional investors have also recently made changes to their positions in the business. Investors Research Corp increased its position in Citizens Financial Group by 344.8% during the 2nd quarter. Investors Research Corp now owns 645 shares of the bank’s stock valued at $29,000 after buying an additional 500 shares in the last quarter. Trust Co. of Vermont boosted its holdings in 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 acquiring an additional 410 shares in the last quarter. GoalVest Advisory LLC grew its stake in shares of Citizens Financial Group by 16,900.0% during the second quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after acquiring an additional 676 shares during the last quarter. REAP Financial Group LLC increased its holdings in shares of Citizens Financial Group by 72.4% during the second quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock valued at $33,000 after acquiring an additional 309 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in shares of Citizens Financial Group by 143.4% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,076 shares of the bank’s stock valued at $44,000 after acquiring an additional 634 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on CFG shares. Weiss Ratings upgraded shares of Citizens Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Stephens reiterated an “overweight” rating and set a $60.00 price objective on shares of Citizens Financial Group in a research note on Thursday, October 16th. Barclays boosted their price objective on shares of Citizens Financial Group from $55.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, October 16th. Citigroup upped their target price on Citizens Financial Group from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, Evercore ISI lifted their price target on Citizens Financial Group from $57.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Citizens Financial Group currently has a consensus rating of “Buy” and a consensus price target of $56.57.

Citizens Financial Group Price Performance

Shares of CFG opened at $51.68 on Friday. The business’s 50-day moving average is $51.79 and its two-hundred day moving average is $46.87. The company has a market capitalization of $22.19 billion, a P/E ratio of 14.47, a P/E/G ratio of 0.55 and a beta of 0.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $55.24.

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

Citizens Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Wednesday, October 29th will be given a $0.46 dividend. The ex-dividend date is Wednesday, October 29th. This represents a $1.84 annualized dividend and a yield of 3.6%. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.42. Citizens Financial Group’s payout ratio is currently 51.54%.

Citizens Financial Group Profile

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.