Dynamic Technology Lab Private Ltd Takes Position in Citizens Financial Group, Inc. (NYSE:CFG)

Dynamic Technology Lab Private Ltd bought a new stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 93,421 shares of the bank's stock, valued at approximately $3,837,000. Citizens Financial Group comprises 0.4% of Dynamic Technology Lab Private Ltd's investment portfolio, making the stock its 23rd biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Commerce Bank boosted its stake 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 buying an additional 250 shares during the period. Cullen Frost Bankers Inc. increased 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 buying an additional 264 shares in the last quarter. ZWJ Investment Counsel Inc. increased its holdings 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 valued at $3,648,000 after purchasing an additional 308 shares during the period. Empirical Finance LLC increased its holdings in 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 purchasing an additional 330 shares during the period. Finally, Abich Financial Wealth Management LLC grew its holdings in Citizens Financial Group by 11.5% in the second quarter. Abich Financial Wealth Management LLC now owns 3,250 shares of the bank's stock worth $117,000 after purchasing an additional 334 shares during the period. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Trading Up 2.0 %

Shares of NYSE CFG traded up $0.93 during midday trading on Monday, hitting $48.58. 1,312,085 shares of the company traded hands, compared to its average volume of 5,246,965. 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, Inc. has a 12-month low of $26.13 and a 12-month high of $49.25. The stock has a 50-day moving average price of $42.83 and a 200 day moving average price of $39.84. The firm has a market cap of $21.41 billion, a P/E ratio of 18.76, a P/E/G ratio of 1.81 and a beta of 1.07.

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 the consensus estimate of $0.79. The company 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 quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 EPS. As a group, analysts expect that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group's payout ratio is 66.14%.

Analysts Set New Price Targets

A number of research analysts have issued reports on CFG shares. Keefe, Bruyette & Woods upped their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the company a "market perform" rating in a research note on Monday, September 30th. Evercore ISI cut their price target 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. Morgan Stanley boosted 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 note on Monday, August 5th. Citigroup upped their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Royal Bank of Canada raised their price objective on 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 company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $44.80.

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.