93,421 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in Citizens Financial Group, Inc. (NYSE:CFG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 93,421 shares of the bank’s stock, valued at approximately $3,837,000. Citizens Financial Group comprises 0.4% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 23rd biggest position.

Several other large investors have also modified their holdings of the company. AQR Capital Management LLC boosted its stake in shares of Citizens Financial Group by 61.4% during the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock worth $155,909,000 after buying an additional 1,682,886 shares during the period. Assenagon Asset Management S.A. raised its stake in Citizens Financial Group by 3,234.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,100,988 shares of the bank’s stock valued at $39,669,000 after acquiring an additional 1,067,971 shares during the last quarter. National Bank of Canada FI lifted its position in Citizens Financial Group by 680.1% during the 2nd quarter. National Bank of Canada FI now owns 803,919 shares of the bank’s stock worth $28,804,000 after acquiring an additional 700,860 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Citizens Financial Group by 15.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock valued at $159,550,000 after purchasing an additional 587,115 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Citizens Financial Group by 2,109.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 386,634 shares of the bank’s stock valued at $13,930,000 after purchasing an additional 369,134 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on CFG. Royal Bank of Canada lifted their price objective on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods lifted their target price on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a report on Monday, September 30th. Citigroup raised their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday. DA Davidson boosted their target price on Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Finally, Barclays increased their target price on Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Citizens Financial Group has a consensus rating of “Hold” and an average target price of $44.80.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $47.65 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average price is $42.83 and its 200 day moving average price is $39.84. Citizens Financial Group, Inc. has a 52 week low of $26.13 and a 52 week high of $48.35. The stock has a market cap of $21.00 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 1.81 and a beta of 1.07.

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 the consensus estimate of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, research analysts forecast that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 66.14%.

About Citizens Financial Group

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.