Citizens Financial Group, Inc. (NYSE:CFG) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC lifted its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 32.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,186,364 shares of the bank's stock after purchasing an additional 1,507,536 shares during the period. AQR Capital Management LLC owned approximately 1.40% of Citizens Financial Group worth $270,715,000 as of its most recent SEC filing.

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

Citizens Financial Group Trading Up 0.7 %

CFG opened at $37.31 on Tuesday. The firm's 50 day moving average is $39.67 and its 200-day moving average is $43.42. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week 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 firm has a market capitalization of $16.31 billion, a P/E ratio of 12.31, a P/E/G ratio of 0.81 and a beta of 0.81.

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

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend is Wednesday, April 30th. Citizens Financial Group's payout ratio is currently 53.33%.

Wall Street Analysts Forecast Growth

CFG has been the subject of a number of analyst reports. Raymond James reissued a "strong-buy" rating and issued a $48.00 price objective (down previously from $58.00) on shares of Citizens Financial Group in a research report on Thursday, April 17th. Morgan Stanley reduced 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 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. Stephens lowered their price target on Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating for the company in a report on Monday, April 7th. 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 on the stock in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Citizens Financial Group from $49.00 to $45.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $46.18.

Citizens Financial Group 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.

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