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

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

Several other institutional investors have also made changes to their positions in CFG. Capital World Investors grew its holdings in Citizens Financial Group by 3.3% during the fourth quarter. Capital World Investors now owns 35,900,115 shares of the bank's stock valued at $1,570,989,000 after purchasing an additional 1,131,838 shares during the last quarter. Geode Capital Management LLC grew its stake in Citizens Financial Group by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank's stock valued at $477,043,000 after buying an additional 124,860 shares during the last quarter. Wellington Management Group LLP raised its holdings in 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 acquiring an additional 2,298,040 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in Citizens Financial Group by 20.9% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank's stock worth $423,733,000 after acquiring an additional 1,672,204 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Citizens Financial Group by 6.4% during the fourth quarter. Royal Bank of Canada now owns 6,247,238 shares of the bank's stock valued at $273,378,000 after acquiring an additional 374,850 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

Shares of NYSE:CFG traded up $0.03 on Thursday, hitting $40.20. The stock had a trading volume of 5,967,087 shares, compared to its average volume of 4,652,441. The firm's 50 day moving average price is $38.27 and its 200-day moving average price is $42.73. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. Citizens Financial Group, Inc. has a twelve month low of $32.60 and a twelve month high of $49.25. The company has a market capitalization of $17.57 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate 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 predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.18%. The ex-dividend date was Wednesday, April 30th. Citizens Financial Group's payout ratio is currently 53.33%.

Wall Street Analyst Weigh In

CFG has been the topic of a number of recent analyst reports. Barclays dropped their price objective 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 reduced 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 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. Truist Financial dropped their target price on shares of Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Jefferies Financial Group initiated coverage on shares of Citizens Financial Group in a research note on Wednesday, May 21st. They issued a "buy" rating and a $50.00 target price for the company. Finally, Citigroup cut their price target on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating for the company in a report on Monday, March 24th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Citizens Financial Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.89.

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.