Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Citizens Financial Group Inc (NYSE:CFG) by 28.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,765 shares of the bank’s stock after buying an additional 8,422 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Citizens Financial Group were worth $1,305,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in Citizens Financial Group during the fourth quarter valued at approximately $224,885,000. The Manufacturers Life Insurance Company acquired a new position in Citizens Financial Group during the third quarter valued at approximately $67,785,000. Russell Investments Group Ltd. acquired a new position in Citizens Financial Group during the fourth quarter valued at approximately $75,925,000. Wells Fargo & Company MN raised its position in Citizens Financial Group by 109.0% in the first quarter. Wells Fargo & Company MN now owns 3,629,516 shares of the bank’s stock valued at $125,400,000 after buying an additional 1,893,291 shares during the period. Finally, FMR LLC raised its position in Citizens Financial Group by 776.6% in the fourth quarter. FMR LLC now owns 2,125,912 shares of the bank’s stock valued at $75,746,000 after buying an additional 1,883,392 shares during the period. 97.12% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Citizens Financial Group Inc (NYSE:CFG) traded up 0.32% during trading on Friday, hitting $34.57. The company’s stock had a trading volume of 5,270,214 shares. The firm’s 50 day moving average price is $35.64 and its 200-day moving average price is $35.06. The company has a market cap of $17.51 billion, a PE ratio of 15.93 and a beta of 1.36. Citizens Financial Group Inc has a 52 week low of $18.34 and a 52 week high of $39.75.
Citizens Financial Group (NYSE:CFG) last issued its earnings results on Thursday, April 20th. The bank reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.34 billion. Citizens Financial Group had a net margin of 18.13% and a return on equity of 5.19%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 EPS. On average, analysts predict that Citizens Financial Group Inc will post $2.44 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 17th. Stockholders of record on Wednesday, May 3rd were paid a $0.14 dividend. The ex-dividend date was Monday, May 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.63%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 28.28%.
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Several equities analysts recently commented on CFG shares. Citigroup Inc reissued a “hold” rating on shares of Citizens Financial Group in a report on Sunday, January 22nd. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Citizens Financial Group in a report on Sunday, January 22nd. Piper Jaffray Companies reissued a “neutral” rating and issued a $38.00 target price (down previously from $40.00) on shares of Citizens Financial Group in a report on Wednesday, April 12th. Keefe, Bruyette & Woods set a $40.00 target price on Citizens Financial Group and gave the company a “buy” rating in a report on Tuesday, April 4th. Finally, Zacks Investment Research lowered Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Citizens Financial Group has an average rating of “Hold” and a consensus target price of $34.77.
About Citizens Financial Group
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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