150,000 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Acquired by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec bought a new position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm bought 150,000 shares of the bank's stock, valued at approximately $6,160,000.

Other hedge funds have also bought and sold shares of the company. Atria Investments Inc raised its stake in shares of Citizens Financial Group by 21.5% in the first quarter. Atria Investments Inc now owns 37,702 shares of the bank's stock worth $1,368,000 after purchasing an additional 6,681 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Citizens Financial Group by 396.5% during the 1st quarter. Cetera Investment Advisers now owns 128,852 shares of the bank's stock worth $4,676,000 after acquiring an additional 102,899 shares during the last quarter. Cetera Advisors LLC grew its stake in shares of Citizens Financial Group by 19.1% in the 1st quarter. Cetera Advisors LLC now owns 21,379 shares of the bank's stock worth $776,000 after acquiring an additional 3,434 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Citizens Financial Group by 89.7% in the second quarter. GAMMA Investing LLC now owns 7,976 shares of the bank's stock valued at $287,000 after purchasing an additional 3,771 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of Citizens Financial Group by 76.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 2,960 shares of the bank's stock valued at $107,000 after purchasing an additional 1,278 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on CFG. StockNews.com upgraded shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. Morgan Stanley increased their price target on Citizens Financial Group from $41.00 to $50.00 and gave the company an "equal weight" rating in a research report on Monday, August 5th. Piper Sandler boosted their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a research report on Tuesday. Barclays raised their target price on Citizens Financial Group from $40.00 to $47.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada raised their price objective 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. 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, Citizens Financial Group currently has an average rating of "Hold" and an average target price of $45.80.

Citizens Financial Group Price Performance

Citizens Financial Group stock traded down $0.30 during midday trading on Tuesday, hitting $46.78. 3,542,948 shares of the company's stock were exchanged, compared to its average volume of 3,803,779. The company has a market cap of $20.62 billion, a P/E ratio of 18.42, a PEG ratio of 1.79 and a beta of 1.08. 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 stock has a 50-day moving average price of $43.78 and a two-hundred day moving average price of $40.41. Citizens Financial Group, Inc. has a 52-week low of $27.97 and a 52-week high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting 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 company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the prior year, the business earned $0.85 earnings per share. Citizens Financial Group's revenue for the quarter was down 5.6% compared to the same quarter last year. On average, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group's dividend payout ratio is currently 66.14%.

Citizens Financial Group Company 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.