Alyeska Investment Group L.P. Invests $33.24 Million in Citizens Financial Group, Inc. (NYSE:CFG)

Alyeska Investment Group L.P. purchased a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 759,696 shares of the bank's stock, valued at approximately $33,244,000. Alyeska Investment Group L.P. owned about 0.17% of Citizens Financial Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. bought a new stake in shares of Citizens Financial Group during the 4th quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Citizens Financial Group in the fourth quarter valued at about $28,000. Sierra Ocean LLC purchased a new stake in shares of Citizens Financial Group during the 4th quarter worth approximately $47,000. Duncker Streett & Co. Inc. bought a new stake in shares of Citizens Financial Group in the 4th quarter worth approximately $51,000. Finally, SBI Securities Co. Ltd. purchased a new position in Citizens Financial Group in the fourth quarter valued at approximately $66,000. 94.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CFG has been the topic of a number of recent research reports. Morgan Stanley dropped their price target on Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. Royal Bank of Canada lowered their price target on shares of Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. The Goldman Sachs Group cut their price objective on shares of Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Stephens lowered their target price on shares of Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Finally, Barclays decreased their price objective on Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Citizens Financial Group currently has an average rating of "Moderate Buy" and a consensus price target of $46.18.

Citizens Financial Group Trading Up 0.2 %

Shares of Citizens Financial Group stock traded up $0.06 during trading on Friday, reaching $39.06. The company's stock had a trading volume of 1,905,637 shares, compared to its average volume of 4,706,828. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week high of $49.25. The firm's 50-day moving average is $38.54 and its two-hundred day moving average is $43.17. The company has a market cap of $17.07 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 0.81 and a beta of 0.74.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.02. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. On average, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Wednesday, April 30th. Citizens Financial Group's payout ratio is 53.33%.

Citizens Financial Group Company 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.