Ballentine Partners LLC Purchases 247 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Ballentine Partners LLC boosted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 7,777 shares of the bank’s stock after purchasing an additional 247 shares during the period. Ballentine Partners LLC’s holdings in Citizens Financial Group were worth $340,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. My Legacy Advisors LLC lifted its holdings in shares of Citizens Financial Group by 1.0% during the 4th quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock valued at $1,074,000 after purchasing an additional 229 shares in the last quarter. Brooklyn Investment Group raised its holdings in Citizens Financial Group by 3.3% during the 4th quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock worth $320,000 after buying an additional 233 shares during the period. SeaCrest Wealth Management LLC lifted its stake in Citizens Financial Group by 0.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock valued at $1,257,000 after buying an additional 246 shares in the last quarter. Commerce Bank boosted its holdings in shares of Citizens Financial Group by 1.9% in the third quarter. Commerce Bank now owns 13,177 shares of the bank’s stock valued at $541,000 after buying an additional 250 shares during the period. Finally, Versant Capital Management Inc increased its position in shares of Citizens Financial Group by 17.4% during the fourth quarter. Versant Capital Management Inc now owns 1,685 shares of the bank’s stock worth $74,000 after acquiring an additional 250 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Raymond James restated a “strong-buy” rating and issued a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday. Barclays lifted their target price on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Compass Point boosted their target price on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Citigroup raised their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Price Performance

NYSE:CFG opened at $47.44 on Friday. Citizens Financial Group, Inc. has a 12-month low of $30.24 and a 12-month high of $49.25. The firm has a market capitalization of $20.91 billion, a price-to-earnings ratio of 15.66, a P/E/G ratio of 0.82 and a beta of 1.10. The stock’s 50 day moving average price is $45.73 and its two-hundred day moving average price is $42.94. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1,962,330 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts anticipate that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Friday, January 31st. Citizens Financial Group’s payout ratio is 55.45%.

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.