Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 729.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 291,030 shares of the bank's stock after purchasing an additional 255,945 shares during the quarter. Mizuho Securities USA LLC owned 0.07% of Citizens Financial Group worth $11,953,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Citizens Financial Group by 35.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,203 shares of the bank's stock valued at $2,838,000 after purchasing an additional 20,649 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Citizens Financial Group by 101.6% during the first quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank's stock valued at $27,641,000 after purchasing an additional 383,947 shares during the last quarter. Versor Investments LP bought a new position in Citizens Financial Group during the third quarter worth about $1,910,000. UniSuper Management Pty Ltd increased its stake in shares of Citizens Financial Group by 1,045.4% in the first quarter. UniSuper Management Pty Ltd now owns 25,692 shares of the bank's stock worth $932,000 after purchasing an additional 23,449 shares in the last quarter. Finally, CWM LLC boosted its holdings in Citizens Financial Group by 77.1% in the 2nd quarter. CWM LLC now owns 40,699 shares of the bank's stock worth $1,466,000 after buying an additional 17,718 shares during the period. Institutional investors own 94.90% of the company's stock.

Citizens Financial Group Trading Up 0.4 %

Shares of NYSE:CFG traded up $0.20 during trading on Friday, reaching $46.78. The company's stock had a trading volume of 3,793,968 shares, compared to its average volume of 4,555,918. The firm's 50 day simple moving average is $42.19 and its two-hundred day simple moving average is $39.42. The stock has a market capitalization of $20.62 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. 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 12 month low of $26.13 and a 12 month high of $48.35.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.79. The business 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 business's revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.85 EPS. On average, research analysts predict that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.59%. Citizens Financial Group's payout ratio is currently 66.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Piper Sandler increased their target price on Citizens Financial Group from $45.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. Royal Bank of Canada boosted their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods raised their target price on shares of 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. Barclays lifted 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 research report on Thursday, October 17th. Finally, Morgan Stanley increased 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 report on Monday, August 5th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Citizens Financial Group presently has an average rating of "Hold" and an average target price of $43.80.

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.