Citizens Financial Group, Inc. (NYSE:CFG) Shares Purchased by Cwm LLC

CWM LLC lifted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 39.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,290 shares of the bank's stock after acquiring an additional 39,405 shares during the quarter. CWM LLC's holdings in Citizens Financial Group were worth $5,748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CFG. Ameriflex Group Inc. purchased a new stake in shares of Citizens Financial Group during the fourth quarter worth $26,000. Grove Bank & Trust increased its position in shares of Citizens Financial Group by 97.1% during the first quarter. Grove Bank & Trust now owns 678 shares of the bank's stock worth $28,000 after acquiring an additional 334 shares during the period. Colonial Trust Co SC increased its position in shares of Citizens Financial Group by 673.0% during the fourth quarter. Colonial Trust Co SC now owns 889 shares of the bank's stock worth $39,000 after acquiring an additional 774 shares during the period. NBT Bank N A NY purchased a new stake in shares of Citizens Financial Group during the first quarter worth $45,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Citizens Financial Group during the first quarter worth $46,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Citizens Financial Group Stock Performance

Shares of CFG traded down $0.21 during mid-day trading on Friday, hitting $48.61. 9,470,067 shares of the company's stock were exchanged, compared to its average volume of 4,846,536. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $49.64. The firm has a market capitalization of $21.25 billion, a P/E ratio of 14.78, a P/E/G ratio of 0.83 and a beta of 0.76. The business's 50 day moving average is $43.05 and its two-hundred day moving average is $42.43. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its earnings results on Thursday, July 17th. The bank reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.04. Citizens Financial Group had a net margin of 13.26% and a return on equity of 6.94%. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The business's quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, July 31st. This represents a $1.68 annualized dividend and a dividend yield of 3.46%. Citizens Financial Group's dividend payout ratio (DPR) is 53.33%.

Citizens Financial Group announced that its Board of Directors has approved a share buyback plan on Friday, June 13th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the bank to reacquire up to 8.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

CFG has been the topic of several recent analyst reports. Raymond James Financial increased their target price on Citizens Financial Group from $48.00 to $57.00 and gave the company a "strong-buy" rating in a report on Friday. Morgan Stanley dropped their target price on 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. TD Cowen initiated coverage on Citizens Financial Group in a report on Thursday, May 15th. They issued a "buy" rating and a $57.00 target price on the stock. Jefferies Financial Group initiated coverage on Citizens Financial Group in a report on Wednesday, May 21st. They issued a "buy" rating and a $50.00 target price on the stock. Finally, Royal Bank Of Canada dropped their target price on Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $50.89.

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.