Quantbot Technologies LP Has $9.62 Million Position in Citizens Financial Group, Inc. (NYSE:CFG)

Quantbot Technologies LP increased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 68.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 234,155 shares of the bank's stock after acquiring an additional 95,122 shares during the quarter. Quantbot Technologies LP owned about 0.05% of Citizens Financial Group worth $9,617,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. D.A. Davidson & CO. acquired a new stake in shares of Citizens Financial Group during the 3rd quarter worth approximately $209,000. Dai ichi Life Insurance Company Ltd bought a new stake in shares of Citizens Financial Group during the 3rd quarter valued at $715,000. Qsemble Capital Management LP lifted its stake in shares of Citizens Financial Group by 59.8% in the 3rd quarter. Qsemble Capital Management LP now owns 134,297 shares of the bank's stock valued at $5,516,000 after purchasing an additional 50,273 shares during the period. Bank of Montreal Can boosted its holdings in Citizens Financial Group by 51.1% during the third quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank's stock worth $107,897,000 after buying an additional 894,322 shares during the last quarter. Finally, Private Trust Co. NA raised its holdings in Citizens Financial Group by 89.9% in the third quarter. Private Trust Co. NA now owns 2,397 shares of the bank's stock worth $98,000 after purchasing an additional 1,135 shares during the period. Institutional investors own 94.90% of the company's stock.

Citizens Financial Group Price Performance

CFG stock traded down $0.36 during midday trading on Tuesday, reaching $48.10. The company had a trading volume of 2,582,083 shares, compared to its average volume of 5,249,085. Citizens Financial Group, Inc. has a 1-year low of $26.13 and a 1-year high of $49.25. The stock has a 50 day moving average price of $42.99 and a 200-day moving average price of $39.93. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. The company has a market capitalization of $21.20 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting analysts' consensus estimates 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 net margin of 10.37% and a return on equity of 5.73%. The firm's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 EPS. Equities research analysts expect that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were paid a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.49%. Citizens Financial Group's payout ratio is 66.14%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CFG. Morgan Stanley increased their target price 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. Keefe, Bruyette & Woods lifted their price target on Citizens Financial Group from $42.00 to $46.00 and gave the stock a "market perform" rating in a report on Monday, September 30th. DA Davidson upped their price objective on Citizens Financial Group from $46.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Barclays raised their price objective on 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, Royal Bank of Canada boosted their target price on Citizens Financial Group from $43.00 to $45.00 and gave the stock an "outperform" rating in a report on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Citizens Financial Group has a consensus rating of "Hold" and an average target price of $45.47.

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.