Assenagon Asset Management S.A. Buys 942,662 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Assenagon Asset Management S.A. grew its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 85.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,043,650 shares of the bank's stock after buying an additional 942,662 shares during the quarter. Assenagon Asset Management S.A. owned 0.45% of Citizens Financial Group worth $83,933,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cullen Frost Bankers Inc. boosted its holdings in shares of Citizens Financial Group by 12.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank's stock worth $84,000 after purchasing an additional 264 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Citizens Financial Group by 3.9% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 8,046 shares of the bank's stock valued at $292,000 after purchasing an additional 305 shares in the last quarter. ZWJ Investment Counsel Inc. grew its holdings in shares of Citizens Financial Group by 0.3% during the 3rd 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 last quarter. Abich Financial Wealth Management LLC raised its position in Citizens Financial Group by 11.5% in the 2nd 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. Finally, Tealwood Asset Management Inc. lifted its stake in Citizens Financial Group by 0.8% in the third quarter. Tealwood Asset Management Inc. now owns 43,059 shares of the bank's stock worth $1,768,000 after purchasing an additional 360 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Royal Bank of Canada raised their price target on Citizens Financial Group from $43.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. Evercore ISI decreased their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 2nd. Raymond James began coverage on shares of Citizens Financial Group in a research report on Thursday, July 11th. They set a "market perform" rating for the company. Barclays boosted their price objective 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, Jefferies Financial Group upped their price target on Citizens Financial Group from $36.00 to $37.00 and gave the company a "hold" rating in a research report on Wednesday, July 3rd. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Citizens Financial Group presently has a consensus rating of "Hold" and an average target price of $43.80.

Citizens Financial Group Stock Up 0.7 %

Shares of NYSE CFG traded up $0.31 on Thursday, reaching $41.75. 2,951,980 shares of the company's stock traded hands, compared to its average volume of 5,369,581. The business's 50 day simple moving average is $41.43 and its two-hundred day simple moving average is $38.22. Citizens Financial Group, Inc. has a 12 month low of $22.77 and a 12 month high of $44.39. The company has a market cap of $19.00 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 1.42 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 0.60.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting analysts' consensus estimates of $0.79. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the company earned $0.85 EPS. The firm's revenue for the quarter was down 5.6% on a year-over-year basis. As a group, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.22 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 4.02%. Citizens Financial Group's dividend payout ratio is currently 60.87%.

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.