First Hawaiian Bank Has $768,000 Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

First Hawaiian Bank cut its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 37.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,752 shares of the bank's stock after selling 11,439 shares during the period. First Hawaiian Bank's holdings in Citizens Financial Group were worth $768,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Citizens Financial Group by 11.4% in the fourth quarter. Blue Trust Inc. now owns 11,366 shares of the bank's stock worth $467,000 after purchasing an additional 1,163 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Citizens Financial Group by 56.4% during the fourth quarter. Pacer Advisors Inc. now owns 51,981 shares of the bank's stock valued at $2,275,000 after buying an additional 18,747 shares during the last quarter. Forsta AP Fonden boosted its holdings in shares of Citizens Financial Group by 0.3% during the 4th quarter. Forsta AP Fonden now owns 118,700 shares of the bank's stock valued at $5,194,000 after acquiring an additional 400 shares during the last quarter. Swedbank AB increased its holdings in Citizens Financial Group by 8.6% during the fourth quarter. Swedbank AB now owns 363,182 shares of the bank's stock valued at $15,893,000 after buying an additional 28,745 shares during the last quarter. Finally, Mediolanum International Funds Ltd bought a new stake in Citizens Financial Group during the fourth quarter valued at about $619,000. Institutional investors own 94.90% of the company's stock.

Citizens Financial Group Stock Performance

CFG traded down $0.63 during trading on Wednesday, reaching $40.20. 3,575,387 shares of the company were exchanged, compared to its average volume of 4,824,890. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $38.27 and a 200 day moving average of $42.73. The stock has a market cap of $17.57 billion, a P/E ratio of 13.27, a PEG ratio of 0.81 and a beta of 0.74. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.02. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. On average, sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Cowen initiated coverage on Citizens Financial Group in a research note on Wednesday, May 14th. They issued a "buy" rating for the company. Stephens decreased their price objective on Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. reduced their price target on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Morgan Stanley cut their price target on shares of Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating on the stock 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, Barclays decreased their price objective on shares of Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. 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 MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.