Worldquant Millennium Advisors LLC Buys Shares of 128,477 Citizens Financial Group, Inc. (NYSE:CFG)

Worldquant Millennium Advisors LLC acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 128,477 shares of the bank's stock, valued at approximately $5,277,000.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its holdings in Citizens Financial Group by 6.7% in the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank's stock worth $1,060,689,000 after purchasing an additional 1,615,144 shares during the period. LSV Asset Management increased its position in shares of Citizens Financial Group by 1.8% in the second quarter. LSV Asset Management now owns 6,580,797 shares of the bank's stock valued at $237,106,000 after buying an additional 113,300 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Citizens Financial Group by 15.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank's stock worth $159,550,000 after buying an additional 587,115 shares during the period. AQR Capital Management LLC lifted its position in shares of Citizens Financial Group by 61.4% during the 2nd quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank's stock valued at $155,909,000 after buying an additional 1,682,886 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Citizens Financial Group by 11.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,144,635 shares of the bank's stock valued at $129,150,000 after acquiring an additional 334,386 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Trading Up 0.6 %

Shares of Citizens Financial Group stock traded up $0.26 during mid-day trading on Friday, hitting $47.03. The stock had a trading volume of 2,616,730 shares, compared to its average volume of 3,391,519. The firm has a 50-day moving average of $44.16 and a two-hundred day moving average of $40.59. The firm has a market cap of $20.73 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 1.77 and a beta of 1.08. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. Citizens Financial Group, Inc. has a 12-month low of $28.77 and a 12-month high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The firm's revenue for the quarter was down 5.6% compared to the same quarter last year. Sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm 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. 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 payout ratio is 66.14%.

Wall Street Analysts Forecast Growth

CFG has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 17th. Piper Sandler upped their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group lifted their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Evercore ISI cut their price objective on Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating for the company in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada raised their target price on Citizens Financial Group from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Citizens Financial Group presently has a consensus rating of "Hold" and a consensus price target of $46.27.

Citizens Financial Group Company 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.