UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $129.15 Million Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 11.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,144,635 shares of the bank's stock after buying an additional 334,386 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.71% of Citizens Financial Group worth $129,150,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CFG. Commerce Bank grew its position in shares of Citizens Financial Group by 1.9% in the third quarter. Commerce Bank now owns 13,177 shares of the bank's stock valued at $541,000 after purchasing an additional 250 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of Citizens Financial Group by 12.7% during the second quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank's stock worth $84,000 after purchasing an additional 264 shares during the period. ZWJ Investment Counsel Inc. grew its stake in Citizens Financial Group by 0.3% during the 3rd 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 raised its holdings in shares of Citizens Financial Group by 2.1% during 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 during the last quarter. Finally, Abich Financial Wealth Management LLC grew its position in Citizens Financial Group by 11.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 3,250 shares of the bank's stock valued at $117,000 after buying an additional 334 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CFG shares. Citigroup upped their target price on Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, November 21st. StockNews.com upgraded Citizens Financial Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. Morgan Stanley raised their price target on shares of Citizens Financial Group from $41.00 to $50.00 and gave the company an "equal weight" rating in a report on Monday, August 5th. Evercore ISI decreased their target price on Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating for the company in a research report on Wednesday, October 2nd. Finally, Barclays upped their target price on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $45.47.

Citizens Financial Group Price Performance

Shares of NYSE CFG traded down $1.05 during midday trading on Monday, hitting $47.09. The company had a trading volume of 4,491,091 shares, compared to its average volume of 5,218,231. The business has a 50-day simple moving average of $43.66 and a two-hundred day simple moving average of $40.34. Citizens Financial Group, Inc. has a twelve month low of $27.97 and a twelve month high of $49.25. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $20.75 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 1.83 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The business's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. Equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend 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.