State Street Corp Has $1.06 Billion Position in Citizens Financial Group, Inc. (NYSE:CFG)

State Street Corp grew its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 6.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,826,368 shares of the bank's stock after purchasing an additional 1,615,144 shares during the quarter. State Street Corp owned approximately 5.86% of Citizens Financial Group worth $1,060,689,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CFG. Innealta Capital LLC acquired a new position in shares of Citizens Financial Group during the second quarter valued at $25,000. Costello Asset Management INC bought a new position in Citizens Financial Group in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new position in Citizens Financial Group during the 3rd quarter valued at about $27,000. Catalyst Capital Advisors LLC bought a new stake in shares of Citizens Financial Group during the 3rd quarter worth about $28,000. Finally, Private Ocean LLC lifted 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 worth $36,000 after acquiring an additional 838 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Evercore ISI lowered their price objective on shares of Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 2nd. DA Davidson boosted their price objective on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Royal Bank of Canada boosted their price target on Citizens Financial Group from $43.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Citigroup upped their price target on Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Finally, Barclays increased their price target 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. Nine 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, the stock currently has a consensus rating of "Hold" and an average target price of $46.27.

Citizens Financial Group Price Performance

Shares of NYSE CFG traded up $0.26 during mid-day trading on Friday, hitting $47.03. 2,616,730 shares of the stock were exchanged, compared to its average volume of 3,391,519. Citizens Financial Group, Inc. has a twelve month low of $28.77 and a twelve month high of $49.25. The stock's fifty day simple moving average is $44.16 and its two-hundred day simple moving average is $40.59. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. The company has a market cap of $20.73 billion, a P/E ratio of 18.52, a PEG ratio of 1.77 and a beta of 1.08.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 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 company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The business's revenue was down 5.6% on a year-over-year basis. As a group, analysts forecast that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis 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.