Infrastructure Capital Advisors LLC Buys New Shares in Citizens Financial Group, Inc. (NYSE:CFG)

Infrastructure Capital Advisors LLC purchased a new stake in Citizens Financial Group, Inc. (NYSE:CFG) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,449 shares of the bank’s stock, valued at approximately $2,072,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in Citizens Financial Group in the second quarter valued at $25,000. Costello Asset Management INC acquired a new stake in Citizens Financial Group in the third quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new stake in Citizens Financial Group in the third quarter valued at $27,000. Catalyst Capital Advisors LLC acquired a new stake in Citizens Financial Group in the third quarter valued at $28,000. Finally, Versant Capital Management Inc raised its stake in Citizens Financial Group by 262.8% in the second quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock valued at $34,000 after buying an additional 678 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Trading Up 0.1 %

Shares of Citizens Financial Group stock opened at $48.16 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. Citizens Financial Group, Inc. has a 1 year low of $26.13 and a 1 year high of $49.25. The company has a market capitalization of $21.22 billion, a P/E ratio of 18.96, a P/E/G ratio of 1.84 and a beta of 1.07. The business has a 50 day moving average price of $43.41 and a 200 day moving average price of $40.13.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. Citizens Financial Group’s revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 EPS. Sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a $0.42 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 3.49%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 66.14%.

Wall Street Analysts Forecast Growth

CFG has been the topic of a number of analyst reports. Morgan Stanley raised their price target on Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Keefe, Bruyette & Woods raised their price target on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a report on Monday, September 30th. DA Davidson raised their price target on Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Royal Bank of Canada raised their price target on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, Barclays raised their price target on Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.47.

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.