Healthcare of Ontario Pension Plan Trust Fund Acquires 184,867 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 47.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 571,501 shares of the bank’s stock after buying an additional 184,867 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.13% of Citizens Financial Group worth $23,472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. 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 worth $541,000 after acquiring an additional 250 shares during the period. Cullen Frost Bankers Inc. boosted its stake in Citizens Financial Group by 12.7% in 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 during the period. ZWJ Investment Counsel Inc. grew its holdings in Citizens Financial Group by 0.3% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 88,829 shares of the bank’s stock valued at $3,648,000 after buying an additional 308 shares in the last quarter. Empirical Finance LLC increased its position in shares of Citizens Financial Group by 2.1% during the third quarter. Empirical Finance LLC now owns 16,076 shares of the bank’s stock valued at $660,000 after buying an additional 330 shares during the period. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of 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. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on CFG shares. Morgan Stanley upped 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. Evercore ISI dropped 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 note on Wednesday, October 2nd. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Royal Bank of Canada lifted their price target on Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Citigroup upped their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Nine 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 stock presently has an average rating of “Hold” and an average target price of $45.47.

Citizens Financial Group Trading Up 0.1 %

NYSE CFG opened at $48.16 on Friday. The stock has a 50-day moving average of $43.41 and a 200-day moving average of $40.13. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. Citizens Financial Group, Inc. has a 1-year low of $26.13 and a 1-year high of $49.25. The firm has a market cap of $21.22 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.84 and a beta of 1.07.

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

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a $0.42 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.49%. Citizens Financial Group’s dividend payout ratio is 66.14%.

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.