Great Valley Advisor Group Inc. Has $1.62 Million Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Great Valley Advisor Group Inc. reduced its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 6.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 39,542 shares of the bank’s stock after selling 2,810 shares during the period. Great Valley Advisor Group Inc.’s holdings in Citizens Financial Group were worth $1,624,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Innealta Capital LLC acquired a new stake in shares of Citizens Financial Group during the second quarter worth $25,000. Costello Asset Management INC bought a new stake in shares of Citizens Financial Group in the third quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Citizens Financial Group in the third quarter valued at about $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Citizens Financial Group during the third quarter worth about $28,000. Finally, Versant Capital Management Inc grew its holdings in shares of Citizens Financial Group by 262.8% during the second quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock worth $34,000 after buying an additional 678 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Up 1.9 %

Shares of Citizens Financial Group stock opened at $47.65 on Monday. Citizens Financial Group, Inc. has a 1 year low of $26.13 and a 1 year high of $48.35. The company has a market capitalization of $21.00 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 1.78 and a beta of 1.07. The business has a fifty day simple moving average of $42.83 and a two-hundred day simple moving average of $39.84. 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 (NYSE:CFG) last announced its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting analysts’ consensus estimates of $0.79. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. Citizens Financial Group’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 EPS. Research analysts forecast that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 3.53%. Citizens Financial Group’s payout ratio is currently 66.14%.

Wall Street Analyst Weigh In

CFG has been the subject of a number of recent research reports. Citigroup upped their price target on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday. Evercore ISI reduced their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a report on Wednesday, October 2nd. DA Davidson lifted their price target on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Barclays increased their price objective on shares of 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. Finally, StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $44.80.

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.