Caxton Associates LP Raises Position in Citizens Financial Group, Inc. (NYSE:CFG)

Caxton Associates LP boosted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 21.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,446 shares of the bank's stock after acquiring an additional 9,884 shares during the quarter. Caxton Associates LP's holdings in Citizens Financial Group were worth $2,470,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in shares of Citizens Financial Group in the third quarter valued at approximately $453,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Citizens Financial Group in the third quarter worth $89,000. Tidal Investments LLC increased its position in shares of Citizens Financial Group by 292.2% during the third quarter. Tidal Investments LLC now owns 69,851 shares of the bank's stock worth $2,869,000 after acquiring an additional 52,039 shares during the period. Franklin Resources Inc. raised its stake in shares of Citizens Financial Group by 4.8% in the third quarter. Franklin Resources Inc. now owns 655,600 shares of the bank's stock valued at $28,368,000 after acquiring an additional 29,940 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Citizens Financial Group by 17.4% in the fourth quarter. Versant Capital Management Inc now owns 1,685 shares of the bank's stock valued at $74,000 after purchasing an additional 250 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Stock Performance

CFG stock traded up $0.12 on Friday, hitting $39.12. The company's stock had a trading volume of 3,512,814 shares, compared to its average volume of 4,725,847. The stock has a market cap of $17.10 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74. The firm has a 50 day moving average of $38.54 and a two-hundred day moving average of $43.17. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a 1 year low of $32.60 and a 1 year high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its earnings results 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 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 analysts' expectations of $1.94 billion. Equities analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders 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 annualized dividend and a dividend yield of 4.29%. Citizens Financial Group's dividend payout ratio (DPR) is currently 53.33%.

Analyst Ratings Changes

Several brokerages have weighed in on CFG. Royal Bank of Canada cut their price target 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. The Goldman Sachs Group reduced their target price 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. Morgan Stanley lowered their price target on shares of Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating for the company in a 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. Barclays reduced their price objective on shares of Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.