Citizens Financial Group Inc (CFG) is Jacobs Asset Management LLC’s 7th Largest Position
Jacobs Asset Management LLC lifted its stake in shares of Citizens Financial Group Inc (NYSE:CFG) by 18.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 500,000 shares of the bank’s stock after purchasing an additional 78,600 shares during the period. Citizens Financial Group accounts for 3.6% of Jacobs Asset Management LLC’s holdings, making the stock its 7th biggest position. Jacobs Asset Management LLC owned about 0.10% of Citizens Financial Group worth $18,935,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of CFG. Alps Advisors Inc. raised its position in Citizens Financial Group by 0.3% in the second quarter. Alps Advisors Inc. now owns 12,875 shares of the bank’s stock valued at $459,000 after purchasing an additional 33 shares during the last quarter. Smithfield Trust Co. raised its stake in shares of Citizens Financial Group by 1.4% during the 2nd quarter. Smithfield Trust Co. now owns 4,994 shares of the bank’s stock valued at $178,000 after purchasing an additional 70 shares during the period. First Allied Advisory Services Inc. raised its stake in shares of Citizens Financial Group by 1.1% during the 2nd quarter. First Allied Advisory Services Inc. now owns 7,101 shares of the bank’s stock valued at $250,000 after purchasing an additional 76 shares during the period. Veritable L.P. grew its position in Citizens Financial Group by 1.2% during the second quarter. Veritable L.P. now owns 6,408 shares of the bank’s stock worth $229,000 after buying an additional 79 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of Citizens Financial Group by 2.8% in the 2nd quarter. D.A. Davidson & CO. now owns 6,845 shares of the bank’s stock worth $244,000 after purchasing an additional 188 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.
In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.31, for a total value of $161,240.00. Following the sale, the director now directly owns 12,917 shares of the company’s stock, valued at $520,684.27. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.21% of the stock is owned by insiders.
Shares of Citizens Financial Group Inc (CFG) traded down $0.26 during mid-day trading on Thursday, hitting $40.63. The stock had a trading volume of 4,265,100 shares, compared to its average volume of 4,747,289. The firm has a market capitalization of $20,117.53, a P/E ratio of 16.56, a PEG ratio of 1.04 and a beta of 1.37. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.97 and a current ratio of 0.98. Citizens Financial Group Inc has a 1-year low of $31.51 and a 1-year high of $42.52.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, October 20th. The bank reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 earnings per share. sell-side analysts forecast that Citizens Financial Group Inc will post 2.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Tuesday, October 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 29.15%.
Several research analysts have recently issued reports on the company. BidaskClub lowered Citizens Financial Group from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Keefe, Bruyette & Woods set a $40.00 price target on Citizens Financial Group and gave the stock a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Sanford C. Bernstein raised Citizens Financial Group from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $38.00 to $43.00 in a report on Thursday, September 14th. Finally, TheStreet raised Citizens Financial Group from a “c” rating to an “a+” rating in a report on Monday, November 27th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $40.23.
Citizens Financial Group Company Profile
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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