Toronto Dominion Bank boosted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 10.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 192,364 shares of the bank’s stock after acquiring an additional 18,523 shares during the quarter. Toronto Dominion Bank’s holdings in Citizens Financial Group were worth $7,284,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Citizens Financial Group by 4.4% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,133,028 shares of the bank’s stock valued at $40,426,000 after buying an additional 47,855 shares during the period. Lazard Asset Management LLC grew its position in Citizens Financial Group by 16,695.7% during the second quarter. Lazard Asset Management LLC now owns 2,779,356 shares of the bank’s stock valued at $99,167,000 after acquiring an additional 2,762,808 shares during the last quarter. Boston Advisors LLC grew its position in Citizens Financial Group by 10.4% during the third quarter. Boston Advisors LLC now owns 660,245 shares of the bank’s stock valued at $25,003,000 after acquiring an additional 61,942 shares during the last quarter. Intrust Bank NA purchased a new position in Citizens Financial Group during the second quarter valued at $267,000. Finally, Todd Asset Management LLC lifted its position in Citizens Financial Group by 33.4% during the second quarter. Todd Asset Management LLC now owns 1,819,023 shares of the bank’s stock valued at $64,903,000 after buying an additional 455,476 shares during the period. 98.15% of the stock is currently owned by institutional investors and hedge funds.
CFG has been the topic of several research analyst reports. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Citizens Financial Group in a research report on Monday, October 23rd. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Tuesday, September 12th. Barclays PLC lifted their target price on Citizens Financial Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Citigroup Inc. reaffirmed a “neutral” rating and set a $42.00 price target (up from $38.00) on shares of Citizens Financial Group in a report on Monday, October 9th. Finally, Sanford C. Bernstein upgraded Citizens Financial Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $38.00 to $43.00 in a report on Thursday, September 14th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $39.14.
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Citizens Financial Group, Inc. (NYSE:CFG) opened at $37.92 on Friday. The firm has a market capitalization of $18,764.55, a P/E ratio of 15.44, a PEG ratio of 0.97 and a beta of 1.35. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.67. Citizens Financial Group, Inc. has a 12-month low of $30.69 and a 12-month high of $39.75.
Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, October 20th. The bank reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the firm earned $0.52 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. analysts forecast that Citizens Financial Group, Inc. will post 2.59 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Tuesday, October 31st. Citizens Financial Group’s payout ratio is currently 29.15%.
About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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