Pathstone Holdings LLC Has $6.35 Million Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Pathstone Holdings LLC grew its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 7.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 154,546 shares of the bank's stock after purchasing an additional 11,044 shares during the period. Pathstone Holdings LLC's holdings in Citizens Financial Group were worth $6,347,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Toronto Dominion Bank increased its position in shares of Citizens Financial Group by 1.8% in the first quarter. Toronto Dominion Bank now owns 263,151 shares of the bank's stock valued at $9,550,000 after acquiring an additional 4,681 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Citizens Financial Group by 101.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank's stock worth $27,641,000 after purchasing an additional 383,947 shares during the last quarter. 1832 Asset Management L.P. raised its stake in shares of Citizens Financial Group by 13.0% during the 1st quarter. 1832 Asset Management L.P. now owns 63,758 shares of the bank's stock worth $2,314,000 after purchasing an additional 7,339 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Citizens Financial Group in the 1st quarter valued at approximately $119,000. Finally, Ascent Group LLC grew its stake in shares of Citizens Financial Group by 0.6% in the first quarter. Ascent Group LLC now owns 65,990 shares of the bank's stock valued at $2,395,000 after buying an additional 408 shares in the last quarter. Institutional investors own 94.90% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on CFG shares. Keefe, Bruyette & Woods upped their price target on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a "market perform" rating in a research report on Monday, September 30th. Morgan Stanley raised their target price on shares of Citizens Financial Group from $41.00 to $50.00 and gave the company an "equal weight" rating in a research note on Monday, August 5th. Piper Sandler boosted their price target 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. Evercore ISI cut their price objective on Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating for the company in a research report on Wednesday, October 2nd. Finally, StockNews.com raised Citizens Financial Group from a "sell" rating to a "hold" rating in a report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $44.80.

Citizens Financial Group Stock Performance

Shares of CFG traded up $0.88 during mid-day trading on Friday, hitting $47.65. 2,761,022 shares of the company's stock were exchanged, compared to its average volume of 4,305,127. 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 firm has a market cap of $21.00 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. The stock's 50-day simple moving average is $42.83 and its 200-day simple moving average is $39.79. Citizens Financial Group, Inc. has a 52 week low of $26.13 and a 52 week high of $48.35.

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

Citizens Financial Group Announces Dividend

The company 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 annualized dividend and a yield of 3.53%. Citizens Financial Group's dividend payout ratio is 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.