Healthcare of Ontario Pension Plan Trust Fund Has $23.47 Million Position in Citizens Financial Group, Inc. (NYSE:CFG)

Healthcare of Ontario Pension Plan Trust Fund increased its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 47.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 571,501 shares of the bank's stock after purchasing an additional 184,867 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.13% of Citizens Financial Group worth $23,472,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CFG. AQR Capital Management LLC boosted its position in shares of Citizens Financial Group by 61.4% in 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. Assenagon Asset Management S.A. grew 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 buying an additional 1,067,971 shares during the period. Bank of Montreal Can increased its stake in shares of 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. BNP Paribas Financial Markets raised its position in shares of Citizens Financial Group by 124.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,511,148 shares of the bank's stock valued at $62,063,000 after acquiring an additional 838,917 shares during the period. Finally, National Bank of Canada FI boosted its stake in Citizens Financial Group by 680.1% during the 2nd quarter. National Bank of Canada FI now owns 803,919 shares of the bank's stock worth $28,804,000 after acquiring an additional 700,860 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on CFG shares. Citigroup upped their target price 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. Keefe, Bruyette & Woods raised their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the stock a "market perform" rating in a research note on Monday, September 30th. DA Davidson boosted their target price on Citizens Financial Group from $46.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. StockNews.com raised Citizens Financial Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 17th. Finally, Morgan Stanley boosted their price objective on Citizens Financial Group from $41.00 to $50.00 and gave the company an "equal weight" rating in a research report on Monday, August 5th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Citizens Financial Group has a consensus rating of "Hold" and an average price target of $45.47.

Citizens Financial Group Stock Down 0.1 %

Shares of Citizens Financial Group stock traded down $0.05 during trading hours on Friday, reaching $48.11. 1,977,683 shares of the company's stock were exchanged, compared to its average volume of 5,221,379. The stock has a market cap of $21.20 billion, a P/E ratio of 18.94, a P/E/G ratio of 1.83 and a beta of 1.07. The company has a 50 day moving average of $43.54 and a two-hundred day moving average of $40.21. 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, Inc. has a fifty-two week low of $26.99 and a fifty-two week 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, meeting analysts' consensus estimates of $0.79. The firm 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%. The business's revenue was down 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.85 earnings per share. On average, sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.49%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group's dividend payout ratio (DPR) is currently 66.14%.

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.