Rhumbline Advisers Has $44.96 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Rhumbline Advisers boosted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 3.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,097,300 shares of the bank's stock after buying an additional 41,306 shares during the period. Rhumbline Advisers owned approximately 0.25% of Citizens Financial Group worth $44,956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CFG. Chicago Partners Investment Group LLC increased its position in Citizens Financial Group by 59.0% in the 4th quarter. Chicago Partners Investment Group LLC now owns 10,545 shares of the bank's stock worth $472,000 after purchasing an additional 3,911 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in Citizens Financial Group by 8.6% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,775 shares of the bank's stock worth $603,000 after purchasing an additional 1,087 shares during the last quarter. Greenleaf Trust increased its holdings in Citizens Financial Group by 2.5% in the fourth quarter. Greenleaf Trust now owns 15,974 shares of the bank's stock worth $699,000 after buying an additional 386 shares during the last quarter. Optas LLC bought a new position in Citizens Financial Group during the fourth quarter valued at approximately $204,000. Finally, Brown Lisle Cummings Inc. lifted its stake in Citizens Financial Group by 9.2% in the fourth quarter. Brown Lisle Cummings Inc. now owns 28,958 shares of the bank's stock valued at $1,267,000 after acquiring an additional 2,450 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Stock Performance

NYSE:CFG traded up $0.03 during mid-day trading on Thursday, hitting $40.20. 5,967,247 shares of the company's stock traded hands, compared to its average volume of 4,829,428. The firm has a 50 day moving average of $38.27 and a two-hundred day moving average of $42.73. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $49.25. The firm 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. 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 announced its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. On average, equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CFG. Royal Bank of Canada cut their price target on shares of 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 cut their target price on Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. decreased their price target on 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. Keefe, Bruyette & Woods lowered their price objective on Citizens Financial Group from $49.00 to $45.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. Finally, UBS Group increased their price objective on Citizens Financial Group from $50.00 to $53.00 and gave the company a "buy" rating in a report on Friday, May 30th. Seven 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.