Mizuho Securities USA LLC Raises Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Mizuho Securities USA LLC boosted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 729.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 291,030 shares of the bank’s stock after acquiring an additional 255,945 shares during the period. Mizuho Securities USA LLC owned 0.07% of Citizens Financial Group worth $11,953,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CFG. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Citizens Financial Group by 35.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,203 shares of the bank’s stock valued at $2,838,000 after purchasing an additional 20,649 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Citizens Financial Group by 101.6% during the first quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock worth $27,641,000 after acquiring an additional 383,947 shares in the last quarter. Versor Investments LP bought a new position in shares of Citizens Financial Group in the third quarter worth $1,910,000. UniSuper Management Pty Ltd grew its position in shares of Citizens Financial Group by 1,045.4% in the first quarter. UniSuper Management Pty Ltd now owns 25,692 shares of the bank’s stock valued at $932,000 after purchasing an additional 23,449 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Citizens Financial Group by 77.1% during the 2nd quarter. CWM LLC now owns 40,699 shares of the bank’s stock valued at $1,466,000 after purchasing an additional 17,718 shares during the period. 94.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays raised their target price on Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. 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. Piper Sandler increased their target price on shares of Citizens Financial Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a research report on Monday, September 30th. Finally, StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $43.80.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock opened at $46.78 on Friday. The stock has a market capitalization of $20.62 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.77 and a beta of 1.07. The company has a fifty day moving average of $42.19 and a 200-day moving average of $39.42. Citizens Financial Group, Inc. has a 52-week low of $26.13 and a 52-week high of $48.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.85 earnings per share. Equities research analysts expect that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s 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.