Aberdeen Group plc Trims Position in Citizens Financial Group, Inc. $CFG

Aberdeen Group plc trimmed its position in Citizens Financial Group, Inc. (NYSE:CFG) by 3.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 320,843 shares of the bank’s stock after selling 11,217 shares during the period. Aberdeen Group plc’s holdings in Citizens Financial Group were worth $17,213,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. GoalVest Advisory LLC boosted its stake in shares of Citizens Financial Group by 16,900.0% during the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after acquiring an additional 676 shares during the last quarter. True Wealth Design LLC grew its holdings in Citizens Financial Group by 891.5% during the third quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock valued at $31,000 after purchasing an additional 526 shares during the period. Capital A Wealth Management LLC increased its position in Citizens Financial Group by 3,970.0% in the second quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock worth $36,000 after buying an additional 794 shares in the last quarter. State of Wyoming bought a new position in shares of Citizens Financial Group in the second quarter worth about $39,000. Finally, Kestra Investment Management LLC lifted its position in shares of Citizens Financial Group by 2,703.0% during the 2nd quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock valued at $41,000 after buying an additional 892 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CFG shares. TD Cowen raised their target price on shares of Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. New Street Research set a $73.00 target price on shares of Citizens Financial Group in a report on Thursday, January 22nd. Keefe, Bruyette & Woods raised their price target on Citizens Financial Group from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Barclays set a $77.00 target price on Citizens Financial Group and gave the company an “overweight” rating in a research note on Monday, January 5th. Finally, DA Davidson upped their price target on Citizens Financial Group from $65.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $68.77.

Citizens Financial Group Trading Up 1.3%

Shares of CFG opened at $65.20 on Thursday. The stock has a market capitalization of $27.71 billion, a PE ratio of 16.85, a P/E/G ratio of 0.52 and a beta of 0.72. The company’s fifty day moving average is $61.91 and its 200 day moving average is $55.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $68.79.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. Sell-side analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th were given a $0.46 dividend. The ex-dividend date was Wednesday, February 4th. This represents a $1.84 dividend on an annualized basis and a yield of 2.8%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 47.55%.

About Citizens Financial Group

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.