Fortis Capital Advisors LLC Makes New Investment in Citizens Financial Group, Inc. $CFG

Fortis Capital Advisors LLC bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,058 shares of the bank’s stock, valued at approximately $482,000.

Other large investors also recently bought and sold shares of the company. StoneX Group Inc. lifted its stake in shares of Citizens Financial Group by 0.4% in the 2nd quarter. StoneX Group Inc. now owns 60,307 shares of the bank’s stock valued at $2,699,000 after purchasing an additional 213 shares during the period. Brookstone Capital Management boosted its holdings in Citizens Financial Group by 2.9% in the 2nd quarter. Brookstone Capital Management now owns 7,497 shares of the bank’s stock worth $336,000 after buying an additional 214 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Citizens Financial Group by 4.9% in the third quarter. Versant Capital Management Inc now owns 4,821 shares of the bank’s stock worth $256,000 after acquiring an additional 224 shares during the last quarter. Lynx Investment Advisory boosted its stake in Citizens Financial Group by 2.8% during the 2nd quarter. Lynx Investment Advisory now owns 8,961 shares of the bank’s stock worth $401,000 after purchasing an additional 243 shares during the last quarter. Finally, Gries Financial LLC boosted its position in Citizens Financial Group by 3.4% during the third quarter. Gries Financial LLC now owns 7,331 shares of the bank’s stock worth $390,000 after acquiring an additional 243 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Stock Up 1.5%

Shares of NYSE:CFG opened at $63.44 on Wednesday. Citizens Financial Group, Inc. has a 1-year low of $32.60 and a 1-year high of $65.88. The stock has a market cap of $27.25 billion, a P/E ratio of 16.39, a P/E/G ratio of 0.51 and a beta of 0.72. The firm has a fifty day moving average price of $58.34 and a 200 day moving average price of $53.34. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.84.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.02. Citizens Financial Group had a return on equity of 7.89% and a net margin of 15.19%.The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio (DPR) is 47.55%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Jefferies Financial Group restated a “buy” rating and issued a $80.00 target price on shares of Citizens Financial Group in a report on Wednesday, January 21st. New Street Research set a $73.00 price objective on shares of Citizens Financial Group in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods lifted their target price on Citizens Financial Group from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $73.00 price target on shares of Citizens Financial Group in a research note on Tuesday, January 6th. Finally, Raymond James Financial downgraded Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from $62.00 to $66.00 in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.55.

Citizens Financial Group Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.