Triglav Skladi D.O.O. Acquires New Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Triglav Skladi D.O.O. bought a new stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 217,800 shares of the bank's stock, valued at approximately $9,531,000.

Several other hedge funds have also added to or reduced their stakes in CFG. Norges Bank bought a new stake in shares of Citizens Financial Group during the 4th quarter worth $243,431,000. Wellington Management Group LLP lifted its stake in Citizens Financial Group by 27.8% in the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock valued at $462,547,000 after buying an additional 2,298,040 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of Citizens Financial Group by 20.9% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank's stock worth $423,733,000 after purchasing an additional 1,672,204 shares during the period. AQR Capital Management LLC raised its position in shares of Citizens Financial Group by 32.2% during the fourth quarter. AQR Capital Management LLC now owns 6,186,364 shares of the bank's stock worth $270,715,000 after purchasing an additional 1,507,536 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Citizens Financial Group in the 4th quarter valued at $56,483,000. Institutional investors and hedge funds own 94.90% of the company's stock.

Wall Street Analysts Forecast Growth

CFG has been the subject of several recent research reports. Cowen began coverage on Citizens Financial Group in a report on Wednesday, May 14th. They issued a "buy" rating for the company. Raymond James reaffirmed a "strong-buy" rating and set a $48.00 target price (down previously from $58.00) on shares of Citizens Financial Group in a research note on Thursday, April 17th. Keefe, Bruyette & Woods reduced their price objective 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. Argus set a $45.00 price objective on Citizens Financial Group in a research note on Thursday, April 24th. Finally, Morgan Stanley lowered their price objective on Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating for the company in a research note 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. Seven equities research 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $47.50.

Citizens Financial Group Stock Performance

Shares of NYSE:CFG traded up $0.07 during trading on Thursday, reaching $39.71. 3,433,206 shares of the stock were exchanged, compared to its average volume of 4,806,678. 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 market cap of $17.36 billion, a PE ratio of 13.11, a PEG ratio of 0.81 and a beta of 0.74. The stock has a 50-day moving average price of $38.52 and a 200-day moving average price of $43.11. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.02. The business 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%. Research analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.23%. 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.