Infrastructure Capital Advisors LLC Buys New Position in Citizens Financial Group, Inc. (NYSE:CFG)

Infrastructure Capital Advisors LLC bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 50,449 shares of the bank's stock, valued at approximately $2,072,000.

Several other hedge funds have also added to or reduced their stakes in the company. Vinva Investment Management Ltd lifted its holdings in shares of Citizens Financial Group by 42.5% during the third quarter. Vinva Investment Management Ltd now owns 24,826 shares of the bank's stock worth $1,013,000 after buying an additional 7,404 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Citizens Financial Group by 11.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,144,635 shares of the bank's stock worth $129,150,000 after acquiring an additional 334,386 shares during the period. Public Sector Pension Investment Board raised its stake in Citizens Financial Group by 1.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 78,414 shares of the bank's stock worth $3,220,000 after purchasing an additional 1,300 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Citizens Financial Group by 48.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 115,529 shares of the bank's stock valued at $4,745,000 after purchasing an additional 37,517 shares during the period. Finally, CreativeOne Wealth LLC acquired a new position in shares of Citizens Financial Group during the 3rd quarter worth approximately $227,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CFG shares. The Goldman Sachs Group lifted their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a research report on Tuesday. Evercore ISI reduced their target price on Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating on the stock in a report on Wednesday, October 2nd. Citigroup boosted their price target on Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. StockNews.com upgraded shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. Finally, Barclays raised their target price on shares of Citizens Financial Group from $40.00 to $47.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $45.47.

Citizens Financial Group Trading Down 0.1 %

Shares of CFG stock traded down $0.05 during mid-day trading on Friday, reaching $48.11. 1,977,683 shares of the stock traded hands, compared to its average volume of 5,221,379. The company has a market cap of $21.20 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.83 and a beta of 1.07. 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 stock's fifty day simple moving average is $43.54 and its two-hundred day simple moving average is $40.21. Citizens Financial Group, Inc. has a 1-year low of $26.99 and a 1-year high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the company earned $0.85 EPS. The firm's revenue was down 5.6% compared to the same quarter last year. On average, research analysts anticipate that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors 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 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.