Beacon Investment Advisory Services Inc. Has $812,000 Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Beacon Investment Advisory Services Inc. reduced its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 55.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 19,778 shares of the bank's stock after selling 25,047 shares during the period. Beacon Investment Advisory Services Inc.'s holdings in Citizens Financial Group were worth $812,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CFG. LSV Asset Management raised its position in shares of Citizens Financial Group by 1.8% in the 2nd quarter. LSV Asset Management now owns 6,580,797 shares of the bank's stock valued at $237,106,000 after acquiring an additional 113,300 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Citizens Financial Group by 15.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank's stock worth $159,550,000 after purchasing an additional 587,115 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Citizens Financial Group by 61.4% in the 2nd quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank's stock valued at $155,909,000 after buying an additional 1,682,886 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Citizens Financial Group by 11.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,144,635 shares of the bank's stock valued at $129,150,000 after buying an additional 334,386 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in Citizens Financial Group by 1.7% during the 2nd quarter. Hsbc Holdings PLC now owns 2,764,090 shares of the bank's stock worth $99,448,000 after buying an additional 45,038 shares during the period. Institutional investors own 94.90% of the company's stock.

Citizens Financial Group Stock Performance

Citizens Financial Group stock traded down $0.25 during midday trading on Tuesday, reaching $46.83. 1,454,049 shares of the company's stock were exchanged, compared to its average volume of 5,201,883. Citizens Financial Group, Inc. has a 52 week low of $27.97 and a 52 week high of $49.25. The firm has a market cap of $20.64 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 1.83 and a beta of 1.08. The stock's 50-day simple moving average is $43.66 and its 200 day simple moving average is $40.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting analysts' consensus estimates of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The firm's revenue for the quarter was down 5.6% on a year-over-year basis. On average, analysts expect 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. Shareholders of record on Wednesday, October 30th were issued a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 3.59%. Citizens Financial Group's dividend payout ratio is currently 66.14%.

Analysts Set New Price Targets

CFG has been the subject of a number of research analyst reports. Citigroup boosted their target price on Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Evercore ISI lowered their target price on Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating for the company in a research note on Wednesday, October 2nd. The Goldman Sachs Group lifted their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Barclays raised their price objective on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Finally, DA Davidson upped their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Citizens Financial Group currently has an average rating of "Hold" and a consensus target price of $45.80.

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.