Aaron Wealth Advisors LLC Has $953,000 Position in Citizens Financial Group, Inc. $CFG

Aaron Wealth Advisors LLC grew its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 284.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,927 shares of the bank’s stock after acquiring an additional 13,270 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Citizens Financial Group were worth $953,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new position in Citizens Financial Group in the first quarter worth about $332,000. Cresset Asset Management LLC grew its position in Citizens Financial Group by 46.4% during the 1st quarter. Cresset Asset Management LLC now owns 18,892 shares of the bank’s stock worth $774,000 after acquiring an additional 5,984 shares during the last quarter. Brooklyn Investment Group increased its holdings in Citizens Financial Group by 10.5% during the 1st quarter. Brooklyn Investment Group now owns 8,073 shares of the bank’s stock valued at $331,000 after purchasing an additional 769 shares in the last quarter. Northern Trust Corp increased its holdings in Citizens Financial Group by 1.9% during the 1st quarter. Northern Trust Corp now owns 4,703,836 shares of the bank’s stock valued at $192,716,000 after purchasing an additional 86,237 shares in the last quarter. Finally, Korea Investment CORP raised its position in Citizens Financial Group by 261.4% in the 1st quarter. Korea Investment CORP now owns 294,899 shares of the bank’s stock valued at $12,082,000 after purchasing an additional 213,300 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of NYSE CFG opened at $58.63 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85. The stock has a 50 day moving average price of $52.82 and a 200 day moving average price of $49.81. The stock has a market capitalization of $25.18 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 0.62 and a beta of 0.74. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $59.31.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Wednesday, October 15th. The bank reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.02. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.10 billion. Citizens Financial Group had a return on equity of 7.48% and a net margin of 14.17%.The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.79 EPS. Analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Wednesday, October 29th were paid a $0.46 dividend. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 3.1%. The ex-dividend date was Wednesday, October 29th. Citizens Financial Group’s dividend payout ratio is currently 51.54%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Morgan Stanley raised shares of Citizens Financial Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $53.00 to $71.00 in a report on Monday, September 29th. Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $62.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday. Baird R W lowered Citizens Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Cowen reaffirmed a “buy” rating on shares of Citizens Financial Group in a research note on Monday, December 1st. Finally, Robert W. Baird reissued a “neutral” rating and issued a $60.00 target price on shares of Citizens Financial Group in a research note on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.24.

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.