7,720 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Purchased by Round Rock Advisors LLC

Round Rock Advisors LLC purchased a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,720 shares of the bank's stock, valued at approximately $316,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CFG. Heartland Bank & Trust Co bought a new position in Citizens Financial Group in the first quarter worth approximately $398,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Citizens Financial Group by 19.2% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,870 shares of the bank's stock worth $2,248,000 after buying an additional 8,851 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Citizens Financial Group by 425.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 26,104 shares of the bank's stock worth $1,069,000 after buying an additional 21,138 shares in the last quarter. IFM Investors Pty Ltd raised its stake in Citizens Financial Group by 12.0% in the first quarter. IFM Investors Pty Ltd now owns 107,788 shares of the bank's stock worth $4,427,000 after buying an additional 11,521 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Citizens Financial Group by 17.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 48,414 shares of the bank's stock worth $1,949,000 after buying an additional 7,302 shares in the last quarter. Institutional investors own 94.90% of the company's stock.

Analysts Set New Price Targets

CFG has been the subject of a number of recent research reports. Argus set a $45.00 price objective on shares of Citizens Financial Group in a research note on Thursday, April 24th. Jefferies Financial Group began coverage on Citizens Financial Group in a research report on Wednesday, May 21st. They set a "buy" rating and a $50.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Barclays reduced their price target on Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and set a $48.00 price target (down from $58.00) on shares of Citizens Financial Group in a research report on Thursday, April 17th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Citizens Financial Group presently has an average rating of "Moderate Buy" and a consensus target price of $49.32.

Citizens Financial Group Stock Performance

NYSE:CFG traded down $0.27 during mid-day trading on Friday, hitting $47.63. The company's stock had a trading volume of 3,747,367 shares, compared to its average volume of 4,846,469. Citizens Financial Group, Inc. has a 1 year low of $32.60 and a 1 year high of $49.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.83. The stock has a market cap of $20.82 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 0.81 and a beta of 0.76. The business's fifty day moving average is $42.14 and its two-hundred day moving average is $42.29.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a net margin of 12.76% and a return on equity of 6.84%. Analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal 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 $0.42 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.53%. Citizens Financial Group's dividend payout ratio (DPR) is currently 53.33%.

Citizens Financial Group declared that its Board of Directors has authorized a share repurchase program on Friday, June 13th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the bank to buy up to 8.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

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.