BNP Paribas Financial Markets Raises Stake in Citizens Financial Group, Inc. (NYSE:CFG)

BNP Paribas Financial Markets grew its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 124.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,511,148 shares of the bank's stock after purchasing an additional 838,917 shares during the quarter. BNP Paribas Financial Markets owned about 0.34% of Citizens Financial Group worth $62,063,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. AQR Capital Management LLC boosted its holdings in 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 worth $155,909,000 after buying an additional 1,682,886 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Citizens Financial Group by 3,234.6% in the second quarter. Assenagon Asset Management S.A. now owns 1,100,988 shares of the bank's stock valued at $39,669,000 after purchasing an additional 1,067,971 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Citizens Financial Group by 51.1% during the 3rd quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank's stock valued at $107,897,000 after purchasing an additional 894,322 shares during the period. National Bank of Canada FI raised its stake in shares of Citizens Financial Group by 680.1% during the 2nd quarter. National Bank of Canada FI now owns 803,919 shares of the bank's stock valued at $28,804,000 after purchasing an additional 700,860 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Citizens Financial Group by 15.3% during the 2nd 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. Hedge funds and other institutional investors own 94.90% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CFG. Keefe, Bruyette & Woods upped their price target on 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. Royal Bank of Canada upped their target price on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an "outperform" rating in a report on Thursday, October 17th. Citigroup raised their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, November 21st. The Goldman Sachs Group upped their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, DA Davidson lifted their price objective on Citizens Financial Group from $46.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $45.47.

Citizens Financial Group Trading Up 0.1 %

Shares of NYSE CFG traded up $0.06 during trading hours on Thursday, hitting $48.16. The company's stock had a trading volume of 2,120,496 shares, compared to its average volume of 5,235,481. Citizens Financial Group, Inc. has a 12 month low of $26.13 and a 12 month high of $49.25. The stock has a market cap of $21.22 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 1.84 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. The business has a 50-day simple moving average of $43.41 and a 200-day simple moving average of $40.13.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting 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 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 company 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 Announces Dividend

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

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.