Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by Verition Fund Management LLC

Verition Fund Management LLC increased its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 874.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 140,229 shares of the bank's stock after buying an additional 125,832 shares during the period. Verition Fund Management LLC's holdings in Citizens Financial Group were worth $5,759,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CFG. Commerce Bank raised its stake in shares of Citizens Financial Group by 1.9% during the third quarter. Commerce Bank now owns 13,177 shares of the bank's stock valued at $541,000 after acquiring an additional 250 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of Citizens Financial Group by 12.7% during the second quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank's stock worth $84,000 after purchasing an additional 264 shares during the period. ZWJ Investment Counsel Inc. grew its position in Citizens Financial Group by 0.3% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 88,829 shares of the bank's stock worth $3,648,000 after purchasing an additional 308 shares during the period. Empirical Finance LLC boosted its holdings in Citizens Financial Group by 2.1% during the third quarter. Empirical Finance LLC now owns 16,076 shares of the bank's stock worth $660,000 after buying an additional 330 shares in the last quarter. Finally, Abich Financial Wealth Management LLC increased its position in shares of Citizens Financial Group by 11.5% in the second quarter. Abich Financial Wealth Management LLC now owns 3,250 shares of the bank's stock valued at $117,000 after buying an additional 334 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

Analyst Ratings Changes

CFG has been the topic of a number of analyst reports. Piper Sandler lifted their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a research report on Tuesday. Morgan Stanley upped their price target on Citizens Financial Group from $41.00 to $50.00 and gave the stock an "equal weight" rating in a report on Monday, August 5th. Citigroup increased their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, November 21st. DA Davidson upped their price target on Citizens Financial Group from $46.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Finally, Evercore ISI lowered their price target on Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating on the stock in a report on Wednesday, October 2nd. Nine 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.com, the company currently has a consensus rating of "Hold" and a consensus price target of $45.80.

Citizens Financial Group Stock Performance

Shares of NYSE:CFG traded down $0.30 during trading on Tuesday, hitting $46.78. 3,542,948 shares of the company were exchanged, compared to its average volume of 3,803,779. The stock has a 50 day moving average of $43.78 and a 200 day moving average of $40.41. Citizens Financial Group, Inc. has a 52-week low of $27.97 and a 52-week high of $49.25. The company has a market cap of $20.62 billion, a PE ratio of 18.42, a P/E/G ratio of 1.79 and a beta of 1.08. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting analysts' consensus estimates of $0.79. The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations 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 revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 EPS. As a group, equities research analysts predict that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Announces Dividend

The business 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 dividend on an annualized basis and a yield of 3.59%. Citizens Financial Group's dividend payout ratio (DPR) is 66.14%.

Citizens Financial Group 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.