Zurcher Kantonalbank Zurich Cantonalbank Has $4.75 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 48.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,529 shares of the bank’s stock after purchasing an additional 37,517 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Citizens Financial Group were worth $4,745,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CFG. Costello Asset Management INC acquired a new stake in shares of Citizens Financial Group during the third quarter worth $25,000. Ashton Thomas Securities LLC bought a new stake in Citizens Financial Group during the third quarter worth about $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at approximately $28,000. Innealta Capital LLC bought a new stake in shares of Citizens Financial Group during the 2nd quarter worth approximately $25,000. Finally, Versant Capital Management Inc boosted its position in shares of Citizens Financial Group by 262.8% during the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock worth $34,000 after acquiring an additional 678 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Stock Down 2.2 %

Shares of NYSE:CFG opened at $47.09 on Tuesday. The firm has a market cap of $20.75 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.83 and a beta of 1.07. Citizens Financial Group, Inc. has a 12-month low of $27.97 and a 12-month high of $49.25. The business has a fifty day simple moving average of $43.66 and a 200 day simple moving average of $40.34. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the company earned $0.85 earnings per share. The firm’s revenue was down 5.6% compared to the same quarter last year. Analysts predict that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a $0.42 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.57%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 66.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CFG shares. Keefe, Bruyette & Woods upped their target price on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a research note on Monday, September 30th. The Goldman Sachs Group upped their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Barclays raised their price target on shares of Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, Citigroup upped their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $45.47.

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.