Ashton Thomas Securities LLC Invests $27,000 in Citizens Financial Group, Inc. (NYSE:CFG)

Ashton Thomas Securities LLC bought a new position in Citizens Financial Group, Inc. (NYSE:CFG) during the 3rd quarter, HoldingsChannel reports. The fund bought 669 shares of the bank’s stock, valued at approximately $27,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. raised its stake in shares of Citizens Financial Group by 12.7% during the second quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank’s stock valued at $84,000 after acquiring an additional 264 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in Citizens Financial Group by 3.9% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 8,046 shares of the bank’s stock valued at $292,000 after purchasing an additional 305 shares during the last quarter. ZWJ Investment Counsel Inc. lifted its holdings in Citizens Financial Group by 0.3% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 88,829 shares of the bank’s stock worth $3,648,000 after buying an additional 308 shares during the period. Abich Financial Wealth Management LLC grew its position in shares of Citizens Financial Group by 11.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 3,250 shares of the bank’s stock worth $117,000 after buying an additional 334 shares during the last quarter. Finally, Tealwood Asset Management Inc. increased its stake in shares of Citizens Financial Group by 0.8% during the third quarter. Tealwood Asset Management Inc. now owns 43,059 shares of the bank’s stock valued at $1,768,000 after buying an additional 360 shares during the period. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Stock Performance

Shares of NYSE CFG opened at $46.58 on Friday. The stock has a market cap of $20.53 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.77 and a beta of 1.07. Citizens Financial Group, Inc. has a 1 year low of $26.13 and a 1 year high of $48.35. The firm has a fifty day moving average price of $41.97 and a 200-day moving average price of $39.25. 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 issued its quarterly earnings results 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 business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business posted $0.85 EPS. Citizens Financial Group’s revenue for the quarter was down 5.6% compared to the same quarter last year. Equities analysts anticipate that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were issued a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.61%. Citizens Financial Group’s dividend payout ratio is presently 66.14%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CFG. Morgan Stanley lifted their price target on shares of Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Stephens lifted their target price on shares of Citizens Financial Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Royal Bank of Canada increased their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods lifted their price target on Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a research report on Monday, September 30th. Finally, The Goldman Sachs Group upped their price objective on shares of Citizens Financial Group from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Citizens Financial Group has a consensus rating of “Hold” and an average price target of $43.80.

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.