Larson Financial Group LLC Acquires 5,318 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Larson Financial Group LLC boosted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 432.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,547 shares of the bank’s stock after purchasing an additional 5,318 shares during the period. Larson Financial Group LLC’s holdings in Citizens Financial Group were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Commerce Bank grew its position in Citizens Financial Group by 1.9% in the third quarter. Commerce Bank now owns 13,177 shares of the bank’s stock valued at $541,000 after purchasing an additional 250 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in shares of Citizens Financial Group by 12.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank’s stock valued at $84,000 after acquiring an additional 264 shares during the period. ZWJ Investment Counsel Inc. grew its position in shares of Citizens Financial Group by 0.3% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 88,829 shares of the bank’s stock valued at $3,648,000 after acquiring an additional 308 shares during the period. Empirical Finance LLC grew its position in shares of Citizens Financial Group by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 16,076 shares of the bank’s stock valued at $660,000 after acquiring an additional 330 shares during the period. Finally, Abich Financial Wealth Management LLC grew its position in shares of Citizens Financial Group by 11.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 3,250 shares of the bank’s stock valued at $117,000 after acquiring an additional 334 shares during the period. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

CFG has been the subject of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods lifted their price objective on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a research report on Monday, September 30th. Evercore ISI decreased their price objective on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research report on Wednesday, October 2nd. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group raised their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Citizens Financial Group currently has an average rating of “Hold” and a consensus price target of $45.47.

Citizens Financial Group Price Performance

CFG stock opened at $48.17 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. Citizens Financial Group, Inc. has a 12 month low of $26.13 and a 12 month high of $49.25. The firm has a market cap of $21.23 billion, a P/E ratio of 18.96, a P/E/G ratio of 1.84 and a beta of 1.07. The company’s 50-day moving average price is $43.29 and its two-hundred day moving average price is $40.07.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the firm earned $0.85 EPS. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, analysts anticipate that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.49%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 66.14%.

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.