Elevated Capital Advisors LLC Buys 2,181 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Elevated Capital Advisors LLC increased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 12.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,034 shares of the bank’s stock after purchasing an additional 2,181 shares during the period. Elevated Capital Advisors LLC’s holdings in Citizens Financial Group were worth $877,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in shares of Citizens Financial Group by 207.2% during the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock worth $339,733,000 after purchasing an additional 5,579,313 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Citizens Financial Group by 61.4% in the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock worth $155,909,000 after acquiring an additional 1,682,886 shares in the last quarter. State Street Corp raised its position in shares of Citizens Financial Group by 6.7% during the third quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock worth $1,060,689,000 after purchasing an additional 1,615,144 shares during the period. Assenagon Asset Management S.A. raised its holdings in Citizens Financial Group by 85.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,043,650 shares of the bank’s stock worth $83,933,000 after buying an additional 942,662 shares during the period. Finally, Bank of Montreal Can lifted its stake in Citizens Financial Group by 51.1% in the third quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank’s stock valued at $107,897,000 after buying an additional 894,322 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of NYSE:CFG traded up $0.89 on Monday, hitting $44.19. The company had a trading volume of 4,236,171 shares, compared to its average volume of 3,229,167. The stock has a 50 day moving average price of $45.49 and a 200 day moving average price of $42.34. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. The stock has a market cap of $19.47 billion, a price-to-earnings ratio of 17.40, a P/E/G ratio of 1.76 and a beta of 1.10. Citizens Financial Group, Inc. has a 1-year low of $30.24 and a 1-year high of $49.25.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.85 earnings per share. Analysts expect that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio is currently 66.14%.

Analysts Set New Price Targets

Several research firms recently commented on CFG. Raymond James raised shares of Citizens Financial Group from a “market perform” rating to a “strong-buy” rating and set a $55.00 price objective on the stock in a research report on Wednesday, December 18th. Keefe, Bruyette & Woods upped their price objective on Citizens Financial Group from $46.00 to $53.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Citigroup lifted their target price on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Evercore ISI reduced their price target 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. Finally, DA Davidson lifted their price objective on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.78.

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.