25,901 Citizens Financial Group, Inc. $CFG Shares Bought by Root Financial Partners LLC

Root Financial Partners LLC lifted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 707.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 29,562 shares of the bank’s stock after acquiring an additional 25,901 shares during the period. Root Financial Partners LLC’s holdings in Citizens Financial Group were worth $1,885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Citizens Financial Group during the 2nd quarter valued at approximately $3,415,046,000. Robeco Institutional Asset Management B.V. lifted its stake in Citizens Financial Group by 7,979.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 12,165,352 shares of the bank’s stock worth $775,663,000 after purchasing an additional 12,014,785 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Citizens Financial Group by 1,252.4% during the third quarter. Assenagon Asset Management S.A. now owns 9,204,563 shares of the bank’s stock worth $586,883,000 after purchasing an additional 8,523,938 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Citizens Financial Group by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,719,160 shares of the bank’s stock worth $282,927,000 after purchasing an additional 28,602 shares during the period. Finally, Amundi boosted its holdings in Citizens Financial Group by 31.2% in the second quarter. Amundi now owns 3,685,819 shares of the bank’s stock worth $258,265,000 after purchasing an additional 875,666 shares during the period. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Stock Performance

CFG opened at $65.22 on Friday. The business’s 50 day moving average is $67.30 and its 200-day moving average is $67.22. The stock has a market cap of $27.47 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 0.59 and a beta of 0.72. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.74. Citizens Financial Group, Inc. has a twelve month low of $49.00 and a twelve month high of $75.33.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, October 16th. The bank reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.02. Citizens Financial Group had a return on equity of 9.52% and a net margin of 18.07%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. On average, analysts predict that Citizens Financial Group, Inc. will post 5.30 earnings per share for the current year.

Citizens Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, October 30th. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.46. Citizens Financial Group’s dividend payout ratio (DPR) is presently 37.02%.

Analyst Ratings Changes

CFG has been the subject of several recent research reports. Robert W. Baird boosted their target price on shares of Citizens Financial Group from $72.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Morgan Stanley reduced their price target on shares of Citizens Financial Group from $89.00 to $87.00 and set an “overweight” rating on the stock in a research report on Monday. Argus set a $80.00 price objective on shares of Citizens Financial Group in a research report on Wednesday, July 29th. UBS Group dropped their price objective on shares of Citizens Financial Group from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Finally, Citigroup dropped their price objective on shares of Citizens Financial Group from $84.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $77.47.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Its principal subsidiary, Citizens Bank, provides banking and financial services to consumers, small businesses, middle-market companies, large corporations and institutional clients.

The company offers consumer deposit accounts, residential mortgages, home equity financing, credit cards, personal loans and other lending products. Its commercial banking activities include business loans, equipment financing, treasury management, capital markets services and investment banking.