Bank of Montreal Can Has $107.90 Million Position in Citizens Financial Group, Inc. (NYSE:CFG)

Bank of Montreal Can raised its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 51.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,644,542 shares of the bank's stock after buying an additional 894,322 shares during the quarter. Bank of Montreal Can owned about 0.60% of Citizens Financial Group worth $107,897,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Innealta Capital LLC bought a new position in Citizens Financial Group in the second quarter valued at approximately $25,000. Costello Asset Management INC bought a new position in Citizens Financial Group in the third quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new position in Citizens Financial Group during the third quarter worth about $27,000. Catalyst Capital Advisors LLC bought a new position in shares of Citizens Financial Group in the third quarter worth about $28,000. Finally, Versant Capital Management Inc boosted its stake in shares of Citizens Financial Group by 262.8% in the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank's stock valued at $34,000 after purchasing an additional 678 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. DA Davidson upped their price objective on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Citigroup upped their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods raised their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the company a "market perform" rating in a report on Monday, September 30th. Morgan Stanley upped their target price on Citizens Financial Group from $41.00 to $50.00 and gave the stock an "equal weight" rating in a report on Monday, August 5th. Finally, Evercore ISI reduced their price target on Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating on the stock in a report on Wednesday, October 2nd. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $45.47.

Citizens Financial Group Trading Up 1.2 %

NYSE CFG traded up $0.56 during mid-day trading on Wednesday, reaching $48.66. 120,780 shares of the stock were exchanged, compared to its average volume of 5,226,580. The stock has a market cap of $21.44 billion, a P/E ratio of 18.93, 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 current ratio of 0.87 and a quick ratio of 0.86. Citizens Financial Group, Inc. has a one year low of $26.13 and a one year high of $49.25. The stock has a 50 day simple moving average of $43.14 and a 200-day simple moving average of $40.02.

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 return on equity of 5.73% and a net margin of 10.37%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company posted $0.85 EPS. The business's quarterly revenue was down 5.6% on a year-over-year basis. On average, analysts anticipate that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.45%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group's dividend payout ratio (DPR) is presently 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.