Great Valley Advisor Group Inc. Has $1.62 Million Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Great Valley Advisor Group Inc. decreased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,542 shares of the bank’s stock after selling 2,810 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Citizens Financial Group were worth $1,624,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Commerce Bank raised its position in Citizens Financial Group by 1.9% in the third quarter. Commerce Bank now owns 13,177 shares of the bank’s stock valued at $541,000 after purchasing an additional 250 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in Citizens Financial Group by 12.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank’s stock valued at $84,000 after buying an additional 264 shares during the last quarter. ZWJ Investment Counsel Inc. boosted 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 buying an additional 308 shares during the period. Empirical Finance LLC grew its holdings in Citizens Financial Group by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 16,076 shares of the bank’s stock worth $660,000 after acquiring an additional 330 shares during the last quarter. Finally, Abich Financial Wealth Management LLC increased its position in Citizens Financial Group by 11.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 3,250 shares of the bank’s stock valued at $117,000 after acquiring an additional 334 shares during the period. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Up 1.9 %

NYSE:CFG opened at $47.65 on Monday. Citizens Financial Group, Inc. has a 12 month low of $26.13 and a 12 month high of $48.35. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $21.00 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 1.78 and a beta of 1.07. The firm has a fifty day simple moving average of $42.83 and a two-hundred day simple moving average of $39.84.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting 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 the consensus estimate of $1.94 billion. During the same period last year, the business posted $0.85 EPS. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. Analysts expect that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders 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 3.53%. 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

Several analysts recently weighed in on CFG shares. Morgan Stanley boosted their price objective on shares of Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Evercore ISI reduced 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 report on Wednesday, October 2nd. DA Davidson increased their price target on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Royal Bank of Canada lifted their price objective on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a research report on Monday, September 30th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $44.80.

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.