Rhumbline Advisers Raises Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Rhumbline Advisers raised its position 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 (SEC). The institutional investor owned 1,097,300 shares of the bank's stock after purchasing an additional 41,306 shares during the quarter. Rhumbline Advisers owned 0.25% of Citizens Financial Group worth $44,956,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Capital World Investors lifted 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 in the last quarter. Geode Capital Management LLC lifted its holdings in Citizens Financial Group by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank's stock valued at $477,043,000 after purchasing an additional 124,860 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Citizens Financial Group by 27.8% during the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock valued at $462,547,000 after purchasing an additional 2,298,040 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Citizens Financial Group by 20.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank's stock worth $423,733,000 after buying an additional 1,672,204 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Citizens Financial Group by 6.4% in the fourth quarter. Royal Bank of Canada now owns 6,247,238 shares of the bank's stock worth $273,378,000 after buying an additional 374,850 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

Citizens Financial Group Trading Up 2.8%

CFG stock traded up $1.14 during mid-day trading on Friday, reaching $41.41. 4,759,591 shares of the stock traded hands, compared to its average volume of 4,844,657. 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 one year low of $32.60 and a one year high of $49.25. The stock has a market capitalization of $18.10 billion, a PE ratio of 13.67, a PEG ratio of 0.81 and a beta of 0.75. The business has a 50-day moving average price of $38.27 and a two-hundred day moving average price of $42.65.

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

Citizens Financial Group Announces Dividend

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 dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend was Wednesday, April 30th. Citizens Financial Group's dividend payout ratio (DPR) is 53.33%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Piper Sandler lowered their target price on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. lowered their target price on shares of Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. 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. Citigroup lowered their target price on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Finally, DA Davidson lowered their target price on shares of Citizens Financial Group from $53.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $47.89.

Citizens Financial Group Company 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.