Kovitz Investment Group Partners LLC Has $3.99 Million Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Kovitz Investment Group Partners LLC boosted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 64.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,134 shares of the bank's stock after buying an additional 38,030 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Citizens Financial Group were worth $3,989,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Wellington Management Group LLP increased its position in shares of Citizens Financial Group by 207.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank's stock valued at $339,733,000 after acquiring an additional 5,579,313 shares during the period. AQR Capital Management LLC raised its position in shares of Citizens Financial Group by 61.4% during the 2nd quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank's stock worth $155,909,000 after purchasing an additional 1,682,886 shares during the last quarter. State Street Corp raised its position in shares of Citizens Financial Group by 6.7% during the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank's stock worth $1,060,689,000 after purchasing an additional 1,615,144 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Citizens Financial Group by 3,234.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,100,988 shares of the bank's stock worth $39,669,000 after purchasing an additional 1,067,971 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in Citizens Financial Group by 51.1% in the 3rd quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank's stock valued at $107,897,000 after acquiring an additional 894,322 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock traded down $1.06 during midday trading on Monday, hitting $45.97. The company had a trading volume of 4,228,227 shares, compared to its average volume of 5,178,092. The business's 50 day simple moving average is $44.26 and its two-hundred day simple moving average is $40.70. The stock has a market cap of $20.26 billion, a PE ratio of 18.10, a P/E/G ratio of 1.79 and a beta of 1.08. 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 1-year low of $29.16 and a 1-year high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings results 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 net margin of 10.37% and a return on equity of 5.73%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. The business's revenue was down 5.6% compared to the same quarter last year. As a group, equities analysts predict that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

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 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 yield of 3.65%. Citizens Financial Group's dividend payout ratio is currently 66.14%.

Analysts Set New Price Targets

A number of analysts have commented on CFG shares. Keefe, Bruyette & Woods increased their price objective on shares of Citizens Financial Group from $46.00 to $53.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. The Goldman Sachs Group increased their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Barclays increased their price objective on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. DA Davidson lifted their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada upped 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 assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $46.27.

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.