39,644 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Acquired by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC bought a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 39,644 shares of the bank's stock, valued at approximately $1,624,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Capital World Investors increased its stake in Citizens Financial Group by 3.3% in the 4th quarter. Capital World Investors now owns 35,900,115 shares of the bank's stock worth $1,570,989,000 after buying an additional 1,131,838 shares during the period. Geode Capital Management LLC increased its position in shares of Citizens Financial Group by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank's stock worth $477,043,000 after acquiring an additional 124,860 shares during the period. Wellington Management Group LLP raised its stake in shares of Citizens Financial Group by 27.8% during the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock valued at $462,547,000 after acquiring an additional 2,298,040 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Citizens Financial Group by 20.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank's stock valued at $423,733,000 after purchasing an additional 1,672,204 shares during the period. Finally, Royal Bank of Canada grew its stake in Citizens Financial Group by 6.4% in the fourth quarter. Royal Bank of Canada now owns 6,247,238 shares of the bank's stock worth $273,378,000 after purchasing an additional 374,850 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CFG has been the subject of several recent research reports. UBS Group boosted their price target on shares of Citizens Financial Group from $50.00 to $53.00 and gave the company a "buy" rating in a report on Friday, May 30th. Barclays cut their price objective on shares of 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. The Goldman Sachs Group lowered their target price on shares of Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Piper Sandler reduced their price target on Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Jefferies Financial Group started coverage on shares of Citizens Financial Group in a research note on Wednesday, May 21st. They issued a "buy" rating and a $50.00 target price for the company. Seven 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $47.89.

Citizens Financial Group Price Performance

Shares of CFG traded down $0.25 during mid-day trading on Thursday, hitting $41.15. The company's stock had a trading volume of 5,923,687 shares, compared to its average volume of 4,826,835. The firm has a market capitalization of $17.99 billion, a P/E ratio of 13.58, a P/E/G ratio of 0.81 and a beta of 0.75. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a 50-day simple moving average of $38.52 and a 200 day simple moving average of $42.54. Citizens Financial Group, Inc. has a 1-year low of $32.60 and a 1-year high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. Analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were paid a dividend of $0.42 per share. The ex-dividend date was Wednesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.08%. Citizens Financial Group's dividend payout ratio is presently 53.33%.

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.