48,000 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Purchased by Caption Management LLC

Caption Management LLC bought a new position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 48,000 shares of the bank's stock, valued at approximately $2,100,000.

A number of other institutional investors and hedge funds have also modified their holdings of CFG. Norges Bank bought a new stake in Citizens Financial Group during the fourth quarter worth approximately $243,431,000. Wellington Management Group LLP grew its stake in Citizens Financial Group by 27.8% in the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock worth $462,547,000 after purchasing an additional 2,298,040 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Citizens Financial Group by 20.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank's stock worth $423,733,000 after purchasing an additional 1,672,204 shares in the last quarter. AQR Capital Management LLC grew its stake in Citizens Financial Group by 32.2% in the fourth quarter. AQR Capital Management LLC now owns 6,186,364 shares of the bank's stock worth $270,715,000 after purchasing an additional 1,507,536 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Citizens Financial Group during the 4th quarter valued at $56,483,000. Institutional investors own 94.90% of the company's stock.

Citizens Financial Group Trading Up 6.0%

Shares of NYSE CFG traded up $2.37 during mid-day trading on Monday, hitting $41.49. 2,840,338 shares of the company traded hands, compared to its average volume of 4,799,841. The stock has a market capitalization of $18.13 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 0.81 and a beta of 0.74. Citizens Financial Group, Inc. has a 1 year low of $32.60 and a 1 year high of $49.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average of $38.45 and a two-hundred day moving average of $43.17.

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

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.05%. Citizens Financial Group's dividend payout ratio (DPR) is presently 53.33%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley reduced their target price on Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating for the company in a research note 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. Citigroup lowered their price objective on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Truist Financial lowered their price objective on Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Royal Bank of Canada lowered their target price on Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods decreased their price objective on Citizens Financial Group from $49.00 to $45.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. Eight 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $46.18.

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.