Entropy Technologies LP Purchases 38,024 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Entropy Technologies LP raised its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 94.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,136 shares of the bank's stock after buying an additional 38,024 shares during the period. Entropy Technologies LP's holdings in Citizens Financial Group were worth $3,209,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CFG shares. Barclays lifted their price objective on 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. The Goldman Sachs Group boosted their price objective on shares of Citizens Financial Group from $43.00 to $49.00 and gave the company a "buy" rating in a research report on Thursday, July 18th. Royal Bank of Canada raised their target price on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. Piper Sandler increased their price target on shares of Citizens Financial Group from $45.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods lifted their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the company a "market perform" rating in a research report on Monday, September 30th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Citizens Financial Group currently has an average rating of "Hold" and an average target price of $43.80.

Citizens Financial Group Stock Down 0.2 %

CFG stock traded down $0.08 during midday trading on Tuesday, hitting $46.40. The company's stock had a trading volume of 3,259,605 shares, compared to its average volume of 5,333,880. The company has a market cap of $20.45 billion, a PE ratio of 18.30, a P/E/G ratio of 1.75 and a beta of 1.07. The firm's 50-day moving average is $41.80 and its 200-day moving average is $39.12. Citizens Financial Group, Inc. has a 12 month low of $24.73 and a 12 month high of $48.35. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61.

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 the consensus estimate of $0.79. The company had revenue of $1.90 billion during 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%. Citizens Financial Group's revenue for the quarter was down 5.6% on a year-over-year basis. During the same period last year, the company earned $0.85 EPS. On average, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.62%. The ex-dividend date is Wednesday, October 30th. Citizens Financial Group's dividend payout ratio is currently 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.