Sanctuary Advisors LLC Buys 3,307 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Sanctuary Advisors LLC lifted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 8.1% during the third quarter, HoldingsChannel reports. The firm owned 43,969 shares of the bank’s stock after acquiring an additional 3,307 shares during the quarter. Sanctuary Advisors LLC’s holdings in Citizens Financial Group were worth $1,806,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Costello Asset Management INC bought a new stake in Citizens Financial Group during the third quarter worth $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Citizens Financial Group during the 3rd quarter worth about $27,000. Catalyst Capital Advisors LLC bought a new stake in shares of Citizens Financial Group in the 3rd quarter valued at about $28,000. Innealta Capital LLC acquired a new stake in Citizens Financial Group in the 2nd quarter valued at about $25,000. Finally, Private Ocean LLC grew its holdings in Citizens Financial Group by 484.4% during the second quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock worth $36,000 after purchasing an additional 838 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 0.5 %

Shares of CFG opened at $42.45 on Friday. 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 12 month low of $30.24 and a 12 month high of $49.25. The firm’s 50 day moving average is $44.92 and its 200-day moving average is $41.18. The stock has a market capitalization of $18.71 billion, a PE ratio of 16.71, a P/E/G ratio of 1.76 and a beta of 1.08.

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

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 66.14%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CFG shares. DA Davidson upped their price objective on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Piper Sandler lifted their price objective on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Barclays increased 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. Finally, Evercore ISI reduced their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a report on Wednesday, October 2nd. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.41.

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.