Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by Mesirow Institutional Investment Management Inc.

Mesirow Institutional Investment Management Inc. lifted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 55.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,123 shares of the bank's stock after purchasing an additional 32,327 shares during the period. Mesirow Institutional Investment Management Inc.'s holdings in Citizens Financial Group were worth $3,944,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Capital World Investors lifted its holdings in shares of Citizens Financial Group by 3.3% in the fourth quarter. Capital World Investors now owns 35,900,115 shares of the bank's stock worth $1,570,989,000 after buying an additional 1,131,838 shares in the last quarter. Geode Capital Management LLC raised its position in Citizens Financial Group by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank's stock valued at $477,043,000 after purchasing an additional 124,860 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Citizens Financial Group by 27.8% in the 4th 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. Norges Bank bought a new position in shares of Citizens Financial Group during the 4th quarter valued at about $243,431,000. Finally, Nordea Investment Management AB lifted its position in Citizens Financial Group by 19.3% in the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank's stock worth $217,781,000 after buying an additional 805,758 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

Citizens Financial Group Trading Down 1.3 %

Shares of CFG traded down $0.48 during midday trading on Friday, reaching $36.96. The company had a trading volume of 1,312,074 shares, compared to its average volume of 4,780,375. Citizens Financial Group, Inc. has a 1-year low of $32.60 and a 1-year high of $49.25. The stock has a market cap of $16.16 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81. The firm has a 50 day simple moving average of $40.07 and a 200-day simple moving average of $43.46. 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 (NYSE:CFG - Get Free Report) last posted its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. The firm had revenue of $1.94 billion for 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%. Research analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed 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 4.55%. The ex-dividend date of this dividend is Wednesday, April 30th. Citizens Financial Group's dividend payout ratio is presently 53.33%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CFG. Barclays decreased their price target 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. Morgan Stanley lowered their price objective 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. Piper Sandler dropped their price target on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Citigroup lowered their price target on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Finally, Royal Bank of Canada lowered their target price on Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Citizens Financial Group presently has an average 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.