Reinhart Partners Inc. Has $24.82 Million Position in Citizens Financial Group Inc (CFG)

Reinhart Partners Inc. increased its position in Citizens Financial Group Inc (NYSE:CFG) by 1.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 834,831 shares of the bank’s stock after buying an additional 13,718 shares during the period. Citizens Financial Group comprises approximately 2.6% of Reinhart Partners Inc.’s holdings, making the stock its 6th largest position. Reinhart Partners Inc. owned 0.18% of Citizens Financial Group worth $24,820,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. TRUE Private Wealth Advisors purchased a new stake in Citizens Financial Group in the 3rd quarter worth $113,000. Synovus Financial Corp lifted its stake in Citizens Financial Group by 67.3% in the 3rd quarter. Synovus Financial Corp now owns 3,524 shares of the bank’s stock worth $137,000 after purchasing an additional 1,417 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Citizens Financial Group in the 3rd quarter worth $158,000. Csenge Advisory Group purchased a new stake in Citizens Financial Group in the 3rd quarter worth $172,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Citizens Financial Group by 80.9% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,091 shares of the bank’s stock worth $196,000 after purchasing an additional 2,276 shares in the last quarter. 96.30% of the stock is owned by institutional investors.

Shares of NYSE CFG opened at $35.43 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.98 and a current ratio of 0.99. The stock has a market cap of $16.58 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 0.60 and a beta of 1.37. Citizens Financial Group Inc has a 12-month low of $27.62 and a 12-month high of $48.23.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, January 18th. The bank reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.04. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Citizens Financial Group had a net margin of 23.20% and a return on equity of 8.67%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 EPS. As a group, sell-side analysts expect that Citizens Financial Group Inc will post 3.84 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Stockholders of record on Thursday, January 31st will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.61%. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, January 30th. Citizens Financial Group’s dividend payout ratio is currently 30.34%.

In other Citizens Financial Group news, Director Shivan S. Subramaniam bought 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 21st. The shares were purchased at an average cost of $35.32 per share, for a total transaction of $105,960.00. Following the transaction, the director now owns 38,963 shares of the company’s stock, valued at $1,376,173.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.22% of the stock is currently owned by corporate insiders.

Several analysts have commented on CFG shares. ValuEngine cut shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Zacks Investment Research upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Bank of America upgraded shares of Citizens Financial Group from an “underperform” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Monday, October 22nd. Macquarie upgraded shares of Citizens Financial Group from an “underperform” rating to a “neutral” rating and set a $38.00 price target on the stock in a research note on Monday, October 22nd. Finally, BMO Capital Markets decreased their price target on shares of Citizens Financial Group from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, October 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $41.17.

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Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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