Simplicity Wealth LLC Acquires Shares of 15,301 Citizens Financial Group, Inc. (NYSE:CFG)

Simplicity Wealth LLC acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,301 shares of the bank's stock, valued at approximately $627,000.

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 4th quarter valued at $26,000. Colonial Trust Co SC grew its stake in Citizens Financial Group by 673.0% during the 4th quarter. Colonial Trust Co SC now owns 889 shares of the bank's stock valued at $39,000 after acquiring an additional 774 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Citizens Financial Group in the 4th quarter valued at $47,000. Duncker Streett & Co. Inc. acquired a new stake in shares of Citizens Financial Group in the fourth quarter worth $51,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Citizens Financial Group in the 4th quarter valued at approximately $66,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Citizens Financial Group Price Performance

Shares of NYSE:CFG traded down $0.25 during trading on Thursday, reaching $41.15. The company had a trading volume of 5,923,687 shares, compared to its average volume of 4,817,550. Citizens Financial Group, Inc. has a twelve month low of $32.60 and a twelve 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. The firm has a market capitalization of $17.99 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 0.81 and a beta of 0.75. The firm's fifty day moving average is $38.52 and its 200 day moving average is $42.54.

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

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend was Wednesday, April 30th. Citizens Financial Group's dividend payout ratio (DPR) is currently 53.33%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. DA Davidson reduced their price objective on Citizens Financial Group from $53.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Jefferies Financial Group assumed coverage on Citizens Financial Group in a report on Wednesday, May 21st. They set a "buy" rating and a $50.00 price target on the stock. Cowen began coverage on shares of Citizens Financial Group in a research report on Wednesday, May 14th. They issued a "buy" rating on the stock. Argus set a $45.00 price target on shares of Citizens Financial Group in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods reduced their price target on Citizens Financial Group from $49.00 to $45.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $47.89.

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.