Leuthold Group LLC Makes New $4.17 Million Investment in Citizens Financial Group, Inc. (NYSE:CFG)

Leuthold Group LLC bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 101,442 shares of the bank's stock, valued at approximately $4,166,000.

Several other institutional investors have also recently bought and sold shares of the business. Innealta Capital LLC bought a new stake in shares of Citizens Financial Group during the second quarter worth about $25,000. Versant Capital Management Inc boosted its holdings in shares of Citizens Financial Group by 262.8% during the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank's stock worth $34,000 after buying an additional 678 shares in the last quarter. Private Ocean LLC boosted its holdings in shares of Citizens Financial Group by 484.4% during the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank's stock worth $36,000 after buying an additional 838 shares in the last quarter. Friedenthal Financial bought a new position in shares of Citizens Financial Group during the 3rd quarter worth approximately $50,000. Finally, Claro Advisors LLC acquired a new position in shares of Citizens Financial Group during the third quarter worth approximately $50,000. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Stock Performance

NYSE:CFG traded up $1.23 during trading on Monday, reaching $42.74. The company's stock had a trading volume of 4,135,327 shares, compared to its average volume of 5,360,298. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market cap of $19.45 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07. Citizens Financial Group, Inc. has a 12 month low of $22.81 and a 12 month high of $44.39. The firm has a 50 day moving average of $41.45 and a 200-day moving average of $38.34.

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, 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 6.21% and a net margin of 10.74%. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 EPS. Research analysts expect that Citizens Financial Group, Inc. will post 3.22 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 3.93%. Citizens Financial Group's dividend payout ratio is currently 60.87%.

Wall Street Analyst Weigh In

CFG has been the topic of a number of research reports. Jefferies Financial Group upped their target price on Citizens Financial Group from $36.00 to $37.00 and gave the stock a "hold" rating in a research report on Wednesday, July 3rd. StockNews.com raised Citizens Financial Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 17th. Piper Sandler upped 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 upped their target price 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. Finally, Morgan Stanley increased their price target 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 research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Citizens Financial Group currently has an average rating of "Hold" and an average price target of $43.80.

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.