Wolverine Asset Management LLC Buys 12,178 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Wolverine Asset Management LLC grew its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 43.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 39,907 shares of the bank's stock after acquiring an additional 12,178 shares during the quarter. Wolverine Asset Management LLC's holdings in Citizens Financial Group were worth $1,639,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Innealta Capital LLC bought a new position in shares of Citizens Financial Group during the 2nd quarter valued at $25,000. Costello Asset Management INC acquired a new position in Citizens Financial Group during the third quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Citizens Financial Group during the third quarter worth about $27,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Citizens Financial Group during the 3rd quarter worth approximately $28,000. Finally, Versant Capital Management Inc lifted its position in shares of Citizens Financial Group by 262.8% during the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank's stock worth $34,000 after purchasing an additional 678 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CFG shares. Morgan Stanley upped their price target on shares of Citizens Financial Group from $41.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Monday, August 5th. UBS Group lifted their price target on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a "buy" rating in a research note on Thursday, July 18th. The Goldman Sachs Group boosted their price objective on Citizens Financial Group from $43.00 to $49.00 and gave the company a "buy" rating in a research report on Thursday, July 18th. Piper Sandler raised their price target on Citizens Financial Group from $45.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods boosted 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. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $43.80.

Citizens Financial Group Stock Down 0.1 %

NYSE:CFG traded down $0.06 during trading hours on Tuesday, hitting $46.42. 3,229,374 shares of the company's stock traded hands, compared to its average volume of 5,333,748. The firm has a market cap of $20.46 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.75 and a beta of 1.07. The stock's fifty day moving average price is $41.80 and its two-hundred day moving average price is $39.12. Citizens Financial Group, Inc. has a twelve month low of $24.73 and a twelve month high of $48.35. 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 issued its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) 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 business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. On average, research analysts expect 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 disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.62%. Citizens Financial Group's payout ratio 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.