11,038 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Bought by Virtu Financial LLC

Virtu Financial LLC purchased a new position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,038 shares of the bank's stock, valued at approximately $453,000.

Other hedge funds have also recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Citizens Financial Group in the second quarter valued at approximately $25,000. Costello Asset Management INC purchased a new stake in shares of Citizens Financial Group during the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Citizens Financial Group in the 3rd quarter worth $27,000. Catalyst Capital Advisors LLC acquired a new position in Citizens Financial Group during the 3rd quarter valued at about $28,000. Finally, Private Ocean LLC raised its stake in Citizens Financial Group by 484.4% in the second quarter. Private Ocean LLC now owns 1,011 shares of the bank's stock valued at $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.

Citizens Financial Group Stock Performance

Shares of NYSE CFG traded down $0.01 during midday trading on Monday, reaching $45.69. 2,946,478 shares of the stock were exchanged, compared to its average volume of 5,174,747. 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 50-day simple moving average of $44.71 and a two-hundred day simple moving average of $41.02. Citizens Financial Group, Inc. has a twelve month low of $30.24 and a twelve month high of $49.25. The firm has a market cap of $20.14 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.76 and a beta of 1.08.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $0.85 earnings per share. As a group, analysts anticipate that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm 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. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.68%. Citizens Financial Group's payout ratio is 66.14%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CFG. Evercore ISI dropped their price target on 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. Royal Bank of Canada boosted their target price on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods raised their price target on shares of Citizens Financial Group from $46.00 to $53.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Compass Point boosted their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group raised their target price on Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Citizens Financial Group presently has an average rating of "Moderate Buy" and an average target price of $46.94.

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.