Pallas Capital Advisors LLC Buys 14,896 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Pallas Capital Advisors LLC grew its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 138.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,620 shares of the bank's stock after purchasing an additional 14,896 shares during the period. Pallas Capital Advisors LLC's holdings in Citizens Financial Group were worth $1,069,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Innealta Capital LLC purchased a new position in shares of Citizens Financial Group during the 2nd quarter worth $25,000. Versant Capital Management Inc increased its position in Citizens Financial Group by 262.8% during the second quarter. Versant Capital Management Inc now owns 936 shares of the bank's stock worth $34,000 after buying an additional 678 shares during the period. Private Ocean LLC grew its stake in shares of Citizens Financial Group by 484.4% in the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank's stock valued at $36,000 after purchasing an additional 838 shares during the last quarter. Ridgewood Investments LLC purchased a new position in shares of Citizens Financial Group in the 2nd quarter valued at approximately $48,000. Finally, Atlas Capital Advisors LLC purchased a new position in shares of Citizens Financial Group in the 2nd quarter valued at approximately $48,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. DA Davidson boosted their price target on Citizens Financial Group from $46.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Evercore ISI dropped their price target on Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating for the company in a research note on Wednesday, October 2nd. The Goldman Sachs Group upped their target price on Citizens Financial Group from $43.00 to $49.00 and gave the stock a "buy" rating in a research report on Thursday, July 18th. Raymond James started coverage on Citizens Financial Group in a research report on Thursday, July 11th. They issued a "market perform" rating for the company. Finally, Stephens increased their price target on Citizens Financial Group from $40.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, July 19th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $43.80.

Citizens Financial Group Trading Up 2.1 %

Shares of NYSE CFG traded up $0.87 during midday trading on Wednesday, hitting $42.70. The stock had a trading volume of 4,102,573 shares, compared to its average volume of 5,345,458. The company's 50-day simple moving average is $41.53 and its 200 day simple moving average is $38.50. The firm has a market cap of $19.43 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07. Citizens Financial Group, Inc. has a fifty-two week low of $22.81 and a fifty-two week high of $44.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86.

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 (EPS) for the quarter, hitting the consensus estimate of $0.79. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company earned $0.85 EPS. The firm's revenue was down 5.6% on a year-over-year basis. Research analysts anticipate that Citizens Financial Group, Inc. will post 3.22 EPS for the current year.

Citizens Financial Group Announces Dividend

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

About Citizens Financial Group

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.