Savant Capital LLC Increases Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Savant Capital LLC grew its position in Citizens Financial Group, Inc. (NYSE:CFG) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,825 shares of the bank’s stock after acquiring an additional 2,373 shares during the period. Savant Capital LLC’s holdings in Citizens Financial Group were worth $3,581,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. My Legacy Advisors LLC boosted its holdings in Citizens Financial Group by 1.0% in the 4th quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock valued at $1,074,000 after purchasing an additional 229 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of Citizens Financial Group by 3.3% in the 4th quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock valued at $320,000 after buying an additional 233 shares during the period. SeaCrest Wealth Management LLC boosted its stake in shares of Citizens Financial Group by 0.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock valued at $1,257,000 after buying an additional 246 shares in the last quarter. Ballentine Partners LLC grew its holdings in Citizens Financial Group by 3.3% during the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank’s stock worth $340,000 after acquiring an additional 247 shares during the period. Finally, Commerce Bank raised its position in Citizens Financial Group by 1.9% in the third quarter. Commerce Bank now owns 13,177 shares of the bank’s stock worth $541,000 after acquiring an additional 250 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Stock Performance

NYSE:CFG opened at $47.22 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $20.81 billion, a PE ratio of 15.58, a P/E/G ratio of 0.84 and a beta of 1.10. The firm has a 50 day simple moving average of $45.78 and a 200-day simple moving average of $43.66. Citizens Financial Group, Inc. has a 1-year low of $30.24 and a 1-year high of $49.25.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the firm posted $0.85 EPS. Citizens Financial Group’s revenue was down .1% on a year-over-year basis. On average, equities analysts expect that Citizens Financial Group, Inc. will post 3.93 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Friday, January 31st. Citizens Financial Group’s payout ratio is 55.45%.

Analyst Ratings Changes

Several equities research analysts have commented on CFG shares. Stephens restated an “overweight” rating and set a $53.00 target price on shares of Citizens Financial Group in a research report on Wednesday, January 29th. DA Davidson boosted their price objective on shares of 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 increased their target price on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Citigroup lifted their price target 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, November 21st. Finally, Barclays upped their price target on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $49.00.

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.