Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 33.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 191,600 shares of the bank's stock after purchasing an additional 48,264 shares during the period. Quantinno Capital Management LP's holdings in Citizens Financial Group were worth $7,869,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CFG. Costello Asset Management INC purchased a new stake in shares of Citizens Financial Group during the third quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new stake in Citizens Financial Group in the 3rd quarter worth approximately $27,000. Catalyst Capital Advisors LLC acquired a new position in Citizens Financial Group during the 3rd quarter valued at approximately $28,000. Innealta Capital LLC acquired a new position in Citizens Financial Group during the 2nd quarter valued at approximately $25,000. Finally, Private Ocean LLC raised its holdings in shares of Citizens Financial Group by 484.4% in the second quarter. Private Ocean LLC now owns 1,011 shares of the bank's stock worth $36,000 after buying an additional 838 shares during the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on CFG shares. DA Davidson upped their target price on Citizens Financial Group from $46.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Barclays increased their price objective on Citizens Financial Group from $40.00 to $47.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. Evercore ISI decreased their target price on Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating for the company in a report on Wednesday, October 2nd. Royal Bank of Canada increased their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an "outperform" rating in a report on Thursday, October 17th. Finally, Citigroup raised their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Citizens Financial Group currently has an average rating of "Hold" and an average target price of $46.27.

Citizens Financial Group Price Performance

Citizens Financial Group stock traded up $0.26 during midday trading on Friday, reaching $47.03. The company had a trading volume of 2,616,730 shares, compared to its average volume of 5,181,982. Citizens Financial Group, Inc. has a 12-month low of $28.77 and a 12-month high of $49.25. The firm's fifty day simple moving average is $44.03 and its 200-day simple moving average is $40.49. 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 $20.73 billion, a P/E ratio of 18.52, a P/E/G ratio of 1.78 and a beta of 1.08.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The business's revenue was down 5.6% on a year-over-year basis. As a group, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.2 EPS 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. This represents a $1.68 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group's dividend payout ratio is currently 66.14%.

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.