Crossmark Global Holdings Inc. Has $1.75 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Crossmark Global Holdings Inc. lowered its position in Citizens Financial Group, Inc. (NYSE:CFG) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,719 shares of the bank’s stock after selling 1,031 shares during the period. Crossmark Global Holdings Inc.’s holdings in Citizens Financial Group were worth $1,754,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CFG. Cullen Frost Bankers Inc. lifted its holdings in Citizens Financial Group by 12.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank’s stock worth $84,000 after purchasing an additional 264 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in Citizens Financial Group by 3.9% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 8,046 shares of the bank’s stock worth $292,000 after buying an additional 305 shares during the period. ZWJ Investment Counsel Inc. raised 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 purchasing an additional 308 shares in the last quarter. Abich Financial Wealth Management LLC raised its stake in Citizens Financial Group by 11.5% in the second 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 in the last quarter. Finally, Tealwood Asset Management Inc. lifted its holdings in Citizens Financial Group by 0.8% in the third quarter. Tealwood Asset Management Inc. now owns 43,059 shares of the bank’s stock worth $1,768,000 after buying an additional 360 shares during the period. 94.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Stephens upped their price target on shares of Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Barclays raised their price objective on shares of Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Royal Bank of Canada lifted their price target 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. Morgan Stanley boosted their target price on shares of Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Finally, StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Citizens Financial Group has a consensus rating of “Hold” and a consensus target price of $43.80.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock opened at $46.42 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The firm has a market cap of $20.46 billion, a P/E ratio of 18.28, a P/E/G ratio of 1.77 and a beta of 1.07. Citizens Financial Group, Inc. has a fifty-two week low of $25.93 and a fifty-two week high of $48.35. The business has a 50-day moving average price of $41.88 and a 200 day moving average price of $39.20.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 earnings per share. On average, sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a $0.42 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 3.62%. Citizens Financial Group’s dividend payout ratio (DPR) is 66.14%.

Citizens Financial Group Company 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.