Vinva Investment Management Ltd Raises Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Vinva Investment Management Ltd boosted its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 42.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,826 shares of the bank’s stock after buying an additional 7,404 shares during the period. Vinva Investment Management Ltd’s holdings in Citizens Financial Group were worth $1,013,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versor Investments LP purchased a new stake in Citizens Financial Group in the 3rd quarter valued at about $1,910,000. CWM LLC raised its holdings in Citizens Financial Group by 77.1% in the 2nd quarter. CWM LLC now owns 40,699 shares of the bank’s stock valued at $1,466,000 after buying an additional 17,718 shares during the period. Quantbot Technologies LP purchased a new stake in Citizens Financial Group in the 2nd quarter valued at about $5,009,000. Andra AP fonden grew its position in Citizens Financial Group by 49.1% in the 2nd quarter. Andra AP fonden now owns 308,300 shares of the bank’s stock valued at $11,108,000 after acquiring an additional 101,500 shares in the last quarter. Finally, Pathstone Holdings LLC grew its position in Citizens Financial Group by 7.7% in the 3rd quarter. Pathstone Holdings LLC now owns 154,546 shares of the bank’s stock valued at $6,347,000 after acquiring an additional 11,044 shares in the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Performance

Shares of CFG opened at $48.11 on Friday. The stock has a 50 day moving average price of $43.54 and a 200 day moving average price of $40.21. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $21.20 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.83 and a beta of 1.07. Citizens Financial Group, Inc. has a 52-week low of $26.99 and a 52-week high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. The firm 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%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 earnings per share. Research analysts predict that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio is currently 66.14%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CFG. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Barclays lifted their target price on Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. DA Davidson lifted their target price on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Evercore ISI dropped their target price on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research report on Wednesday, October 2nd. Finally, Morgan Stanley boosted their price objective on Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $45.47.

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.