LS Investment Advisors LLC decreased its position in shares of Citizens Financial Group Inc (NYSE:CFG) by 5.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,908 shares of the bank’s stock after selling 1,491 shares during the period. LS Investment Advisors LLC’s holdings in Citizens Financial Group were worth $842,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in shares of Citizens Financial Group by 14.8% in the third quarter. JPMorgan Chase & Co. now owns 16,986,749 shares of the bank’s stock valued at $655,180,000 after buying an additional 2,189,838 shares in the last quarter. LSV Asset Management boosted its stake in shares of Citizens Financial Group by 9.0% in the fourth quarter. LSV Asset Management now owns 9,171,729 shares of the bank’s stock valued at $272,675,000 after buying an additional 759,769 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Citizens Financial Group by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 6,302,325 shares of the bank’s stock valued at $187,048,000 after buying an additional 398,877 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Citizens Financial Group by 0.5% in the fourth quarter. Northern Trust Corp now owns 5,679,565 shares of the bank’s stock valued at $168,853,000 after buying an additional 25,554 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Citizens Financial Group by 6.8% in the fourth quarter. Bank of Montreal Can now owns 5,671,400 shares of the bank’s stock valued at $168,610,000 after buying an additional 359,278 shares in the last quarter. 98.90% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on CFG shares. ValuEngine upgraded Citizens Financial Group from a “strong sell” rating to a “sell” rating in a research note on Friday, April 19th. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Monday, February 11th. Finally, Wedbush set a $39.00 price target on Citizens Financial Group and gave the company a “buy” rating in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $41.36.
CFG stock traded down $0.39 during midday trading on Wednesday, hitting $34.88. 2,050,130 shares of the stock were exchanged, compared to its average volume of 4,631,935. The stock has a market cap of $16.07 billion, a PE ratio of 9.80, a P/E/G ratio of 1.11 and a beta of 1.45. Citizens Financial Group Inc has a fifty-two week low of $27.62 and a fifty-two week high of $42.87. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.95 and a current ratio of 0.96.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.04. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Citizens Financial Group had a return on equity of 8.88% and a net margin of 22.96%. During the same period in the previous year, the firm posted $0.78 earnings per share. As a group, equities research analysts predict that Citizens Financial Group Inc will post 3.88 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were issued a $0.32 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.67%. Citizens Financial Group’s dividend payout ratio (DPR) is 35.96%.
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Citizens Financial Group Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides 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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