23,645 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Purchased by Paloma Partners Management Co

Paloma Partners Management Co purchased a new stake in Citizens Financial Group, Inc. (NYSE:CFG) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 23,645 shares of the bank’s stock, valued at approximately $971,000.

Other institutional investors have also recently made changes to their positions in the company. Costello Asset Management INC bought a new position in shares of Citizens Financial Group in the third quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new stake in Citizens Financial Group in the third quarter valued at $27,000. Catalyst Capital Advisors LLC bought a new position in shares of Citizens Financial Group in the 3rd quarter valued at about $28,000. Innealta Capital LLC acquired a new position in shares of Citizens Financial Group during the 2nd quarter worth about $25,000. Finally, Versant Capital Management Inc raised its holdings in shares of Citizens Financial Group by 262.8% in the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock valued at $34,000 after purchasing an additional 678 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

CFG opened at $47.09 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. Citizens Financial Group, Inc. has a 52-week low of $27.97 and a 52-week high of $49.25. The firm has a market cap of $20.75 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 1.83 and a beta of 1.07. The business’s fifty day moving average is $43.66 and its 200-day moving average is $40.34.

Citizens Financial Group (NYSE:CFG) last announced 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. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. Sell-side analysts expect that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

CFG has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price target on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a research report on Monday, September 30th. Barclays boosted their target price on Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Morgan Stanley raised their price target on Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Royal Bank of Canada upped their price objective 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. Finally, The Goldman Sachs Group raised their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.