AEGON ASSET MANAGEMENT UK Plc Purchases 166,063 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

AEGON ASSET MANAGEMENT UK Plc lifted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 14.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,318,214 shares of the bank's stock after acquiring an additional 166,063 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned about 0.30% of Citizens Financial Group worth $53,981,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Great Valley Advisor Group Inc. boosted its stake in shares of Citizens Financial Group by 0.6% during the 4th quarter. Great Valley Advisor Group Inc. now owns 39,766 shares of the bank's stock worth $1,740,000 after acquiring an additional 224 shares in the last quarter. 1620 Investment Advisors Inc. boosted its stake in Citizens Financial Group by 3.2% during the 4th quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank's stock valued at $338,000 after purchasing an additional 238 shares during the period. True Wealth Design LLC boosted its stake in Citizens Financial Group by 10.5% during the 4th quarter. True Wealth Design LLC now owns 2,890 shares of the bank's stock valued at $126,000 after purchasing an additional 275 shares during the period. Gallagher Fiduciary Advisors LLC boosted its stake in Citizens Financial Group by 1.9% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 17,386 shares of the bank's stock valued at $761,000 after purchasing an additional 327 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in Citizens Financial Group by 3.3% during the 4th quarter. NewEdge Advisors LLC now owns 11,257 shares of the bank's stock valued at $493,000 after purchasing an additional 363 shares during the period. Institutional investors own 94.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Cowen assumed coverage on Citizens Financial Group in a research note on Wednesday, May 14th. They set a "buy" rating for the company. Piper Sandler cut their price target on Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. 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. Morgan Stanley cut their price target on 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. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $48.00 price target (down previously from $58.00) on shares of Citizens Financial Group in a report on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $47.89.

Citizens Financial Group Price Performance

NYSE CFG traded up $1.14 during trading hours on Friday, reaching $41.41. 4,759,591 shares of the company's stock were exchanged, compared to its average volume of 4,840,087. The stock has a market cap of $18.10 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74. Citizens Financial Group, Inc. has a one year low of $32.60 and a one year high of $49.25. The firm has a fifty day moving average of $38.27 and a 200-day moving average of $42.65. 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 (NYSE:CFG - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.02. The business 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%. On average, equities research analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a yield of 4.06%. Citizens Financial Group's dividend payout ratio (DPR) is presently 53.33%.

About Citizens Financial Group

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.