Citizens Financial Group, Inc. (NYSE:CFG) Holdings Lifted by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 3,969.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 499,875 shares of the bank's stock after acquiring an additional 487,590 shares during the quarter. GAMMA Investing LLC owned about 0.11% of Citizens Financial Group worth $20,480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CFG. Great Valley Advisor Group Inc. boosted its stake in shares of Citizens Financial Group by 0.6% in the fourth quarter. Great Valley Advisor Group Inc. now owns 39,766 shares of the bank's stock valued at $1,740,000 after purchasing an additional 224 shares during the period. 1620 Investment Advisors Inc. lifted its holdings in Citizens Financial Group by 3.2% in the 4th quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank's stock worth $338,000 after buying an additional 238 shares in the last quarter. True Wealth Design LLC lifted its holdings in Citizens Financial Group by 10.5% in the 4th quarter. True Wealth Design LLC now owns 2,890 shares of the bank's stock worth $126,000 after buying an additional 275 shares in the last quarter. Gallagher Fiduciary Advisors LLC boosted its position in Citizens Financial Group by 1.9% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 17,386 shares of the bank's stock valued at $761,000 after buying an additional 327 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Citizens Financial Group by 3.3% during the fourth quarter. NewEdge Advisors LLC now owns 11,257 shares of the bank's stock valued at $493,000 after acquiring an additional 363 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on CFG. Raymond James reiterated a "strong-buy" rating and issued a $48.00 price target (down previously from $58.00) on shares of Citizens Financial Group in a research note on Thursday, April 17th. UBS Group upped their target price on Citizens Financial Group from $50.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Keefe, Bruyette & Woods reduced their target price on Citizens Financial Group from $49.00 to $45.00 and set a "market perform" rating for the company in a research note on Thursday, April 17th. Jefferies Financial Group assumed coverage on shares of Citizens Financial Group in a research note on Wednesday, May 21st. They issued a "buy" rating and a $50.00 price target for the company. Finally, Stephens cut their price target on shares of Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Citizens Financial Group presently has a consensus rating of "Moderate Buy" and an average target price of $47.89.

Citizens Financial Group Stock Performance

CFG stock traded down $0.05 during midday trading on Monday, reaching $41.32. The company had a trading volume of 4,421,964 shares, compared to its average volume of 4,842,965. The firm has a market capitalization of $18.06 billion, a PE ratio of 13.64, a P/E/G ratio of 0.81 and a beta of 0.75. The stock has a 50 day moving average price of $38.27 and a 200 day moving average price of $42.60. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $49.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

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, topping 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 business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date was Wednesday, April 30th. Citizens Financial Group's payout ratio is 53.33%.

About Citizens Financial Group

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.