11,988 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Purchased by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC acquired a new stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,988 shares of the bank's stock, valued at approximately $491,000.

A number of other institutional investors have also recently modified their holdings of CFG. Salzhauer Michael grew its position in shares of Citizens Financial Group by 1,034.7% during the 4th quarter. Salzhauer Michael now owns 179,301 shares of the bank's stock valued at $7,846,000 after acquiring an additional 163,500 shares during the period. Commonwealth Equity Services LLC increased its position in shares of Citizens Financial Group by 1.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 179,603 shares of the bank's stock valued at $7,859,000 after acquiring an additional 3,300 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Citizens Financial Group by 16.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 16,957 shares of the bank's stock worth $742,000 after purchasing an additional 2,415 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Citizens Financial Group by 0.9% during the fourth quarter. Corient Private Wealth LLC now owns 85,535 shares of the bank's stock valued at $3,743,000 after buying an additional 802 shares during the period. Finally, Harvest Fund Management Co. Ltd grew its holdings in Citizens Financial Group by 91.6% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 14,405 shares of the bank's stock worth $631,000 after purchasing an additional 6,885 shares during the period. 94.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CFG shares. Raymond James Financial raised their target price on shares of Citizens Financial Group from $48.00 to $57.00 and gave the stock a "strong-buy" rating in a report on Friday. Citigroup boosted their price target on shares of Citizens Financial Group from $57.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday. Jefferies Financial Group assumed coverage on shares of Citizens Financial Group in a report on Wednesday, May 21st. They issued a "buy" rating and a $50.00 target price on the stock. Barclays upped their price target on shares of Citizens Financial Group from $49.00 to $55.00 and gave the company an "equal weight" rating in a report on Friday. Finally, Argus set a $45.00 price objective on Citizens Financial Group in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $51.05.

Citizens Financial Group Trading Up 0.2%

CFG stock traded up $0.10 during mid-day trading on Monday, reaching $48.68. The company's stock had a trading volume of 2,424,597 shares, compared to its average volume of 4,906,920. The company has a market cap of $21.28 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 0.83 and a beta of 0.76. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $49.68. The business's 50 day moving average price is $43.05 and its 200 day moving average price is $42.41. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.54.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The bank reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.04. The firm had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $2.01 billion. Citizens Financial Group had a return on equity of 6.94% and a net margin of 13.26%. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 EPS. On average, equities research analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group announced that its board has authorized a stock buyback plan on Friday, June 13th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the bank to purchase up to 8.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, July 31st will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.68 annualized dividend and a yield of 3.45%. Citizens Financial Group's payout ratio is 51.06%.

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.