Empowered Funds LLC Has $307,000 Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Empowered Funds LLC raised its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 8.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,487 shares of the bank’s stock after buying an additional 579 shares during the period. Empowered Funds LLC’s holdings in Citizens Financial Group were worth $307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Empirical Finance LLC boosted its holdings in shares of Citizens Financial Group by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 16,076 shares of the bank’s stock valued at $660,000 after acquiring an additional 330 shares in the last quarter. CIBC Asset Management Inc raised its position in Citizens Financial Group by 6.9% in the third quarter. CIBC Asset Management Inc now owns 66,839 shares of the bank’s stock valued at $2,745,000 after purchasing an additional 4,330 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new stake in shares of Citizens Financial Group during the third quarter valued at about $232,000. Curi RMB Capital LLC grew its holdings in shares of Citizens Financial Group by 2.0% during the third quarter. Curi RMB Capital LLC now owns 187,776 shares of the bank’s stock worth $7,712,000 after purchasing an additional 3,636 shares during the last quarter. Finally, MQS Management LLC acquired a new position in shares of Citizens Financial Group in the third quarter valued at approximately $261,000. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $48.47 on Tuesday. The firm has a 50 day moving average of $42.99 and a 200-day moving average of $39.93. The company has a market cap of $21.36 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07. 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, Inc. has a 52 week low of $26.13 and a 52 week high of $49.25.

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

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 66.14%.

Wall Street Analysts Forecast Growth

CFG has been the topic of several recent research reports. DA Davidson lifted their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Citigroup increased their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods upped 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, Evercore ISI lowered their price objective on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research report on Wednesday, October 2nd. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Citizens Financial Group has a consensus rating of “Hold” and an average price target of $44.80.

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.