Dimensional Fund Advisors LP Purchases 96,067 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Dimensional Fund Advisors LP raised its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,689,082 shares of the bank's stock after buying an additional 96,067 shares during the quarter. Dimensional Fund Advisors LP owned about 1.06% of Citizens Financial Group worth $205,194,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CHURCHILL MANAGEMENT Corp bought a new stake in Citizens Financial Group in the 4th quarter valued at about $8,134,000. BTC Capital Management Inc. raised its position in shares of Citizens Financial Group by 19.8% in the fourth quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank's stock valued at $1,882,000 after purchasing an additional 7,119 shares during the period. Patton Fund Management Inc. purchased a new stake in shares of Citizens Financial Group during the 4th quarter valued at approximately $6,694,000. AEGON ASSET MANAGEMENT UK Plc boosted its holdings in Citizens Financial Group by 46.8% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank's stock worth $50,430,000 after buying an additional 367,439 shares during the period. Finally, Nordea Investment Management AB grew its stake 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 valued at $217,781,000 after buying an additional 805,758 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

Citizens Financial Group Trading Down 0.2 %

Shares of NYSE CFG traded down $0.09 during midday trading on Monday, reaching $36.97. The company had a trading volume of 445,911 shares, compared to its average volume of 4,783,941. 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's fifty day moving average price is $39.87 and its 200-day moving average price is $43.46. The stock has a market cap of $16.16 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81. Citizens Financial Group, Inc. has a one year low of $32.60 and a one year high of $49.25.

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

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders 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 yield of 4.54%. The ex-dividend date is Wednesday, April 30th. Citizens Financial Group's payout ratio is currently 53.33%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CFG shares. JPMorgan Chase & Co. cut their price target on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Piper Sandler cut their target price on Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Argus set a $45.00 price target on Citizens Financial Group in a research report on Thursday. Stephens decreased 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, Morgan Stanley decreased their price target on shares of Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating on the stock 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. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock 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.