Cerity Partners LLC Purchases 67,241 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Cerity Partners LLC lifted its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 22.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 373,499 shares of the bank's stock after buying an additional 67,241 shares during the period. Cerity Partners LLC owned approximately 0.08% of Citizens Financial Group worth $15,340,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Commerce Bank grew its stake in shares of Citizens Financial Group by 1.9% in the 3rd quarter. Commerce Bank now owns 13,177 shares of the bank's stock worth $541,000 after purchasing an additional 250 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in Citizens Financial Group by 12.7% in the second quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank's stock worth $84,000 after buying an additional 264 shares during the last quarter. ZWJ Investment Counsel Inc. grew its position in Citizens Financial Group by 0.3% in the third quarter. ZWJ Investment Counsel Inc. now owns 88,829 shares of the bank's stock worth $3,648,000 after buying an additional 308 shares during the last quarter. Empirical Finance LLC increased its holdings in shares of Citizens Financial Group by 2.1% in the third quarter. Empirical Finance LLC now owns 16,076 shares of the bank's stock valued at $660,000 after buying an additional 330 shares in the last quarter. Finally, Abich Financial Wealth Management LLC lifted its position in shares of Citizens Financial Group by 11.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 3,250 shares of the bank's stock valued at $117,000 after acquiring an additional 334 shares during the last quarter. Institutional investors own 94.90% of the company's stock.

Citizens Financial Group Stock Down 0.7 %

NYSE CFG traded down $0.36 on Tuesday, reaching $48.10. The stock had a trading volume of 1,043,579 shares, compared to its average volume of 5,242,015. Citizens Financial Group, Inc. has a 1 year low of $26.13 and a 1 year high of $49.25. The business has a 50 day moving average price of $42.99 and a 200 day moving average price of $39.93. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $21.20 billion, a price-to-earnings ratio of 19.08, a P/E/G ratio of 1.81 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting analysts' consensus estimates of $0.79. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm's revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share. On average, analysts forecast that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently declared 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. The ex-dividend date 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 is currently 66.14%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. StockNews.com upgraded Citizens Financial Group from a "sell" rating to a "hold" rating in a report on Thursday, October 17th. Morgan Stanley lifted their price target on Citizens Financial Group from $41.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Monday, August 5th. Citigroup upped their price objective on shares of 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 decreased their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating for the company in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada boosted their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $45.47.

About Citizens Financial Group

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.