Pallas Capital Advisors LLC Has $1.74 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Pallas Capital Advisors LLC lifted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 64.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,367 shares of the bank's stock after acquiring an additional 16,670 shares during the quarter. Pallas Capital Advisors LLC's holdings in Citizens Financial Group were worth $1,736,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Citizens Financial Group by 35.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,112 shares of the bank's stock worth $1,793,000 after purchasing an additional 10,833 shares during the period. Choreo LLC lifted its stake in shares of Citizens Financial Group by 3.4% during the 4th quarter. Choreo LLC now owns 13,704 shares of the bank's stock worth $597,000 after buying an additional 454 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Citizens Financial Group by 0.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,015,624 shares of the bank's stock worth $44,444,000 after buying an additional 3,833 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Citizens Financial Group by 2.2% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,019 shares of the bank's stock valued at $2,014,000 after buying an additional 998 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in Citizens Financial Group by 10.6% in the 4th quarter. Empowered Funds LLC now owns 8,284 shares of the bank's stock valued at $363,000 after acquiring an additional 797 shares during the period. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock traded up $0.66 during midday trading on Tuesday, hitting $42.01. 6,139,468 shares of the company traded hands, compared to its average volume of 4,848,126. The firm's fifty day moving average price is $38.26 and its 200-day moving average price is $42.55. The stock has a market cap of $18.36 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 0.81 and a beta of 0.75. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $49.25. 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 (NYSE:CFG - Get Free Report) last posted its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.02. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. As a group, sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.00%. The ex-dividend date was Wednesday, April 30th. Citizens Financial Group's dividend payout ratio (DPR) is currently 53.33%.

Analysts Set New Price Targets

Several research firms have recently commented on CFG. Argus set a $45.00 target price on Citizens Financial Group in a research report on Thursday, April 24th. TD Cowen began coverage on Citizens Financial Group in a report on Thursday, May 15th. They issued a "buy" rating and a $57.00 price objective on the stock. Morgan Stanley lowered their price objective on Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating on the stock in a research 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. Keefe, Bruyette & Woods dropped their target price on Citizens Financial Group from $49.00 to $45.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. Finally, Raymond James reissued a "strong-buy" rating and issued a $48.00 target price (down previously from $58.00) on shares of Citizens Financial Group in a research report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.