UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $147.85 Million Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 7.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,378,632 shares of the bank's stock after purchasing an additional 233,997 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.77% of Citizens Financial Group worth $147,849,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Woodline Partners LP acquired a new position in shares of Citizens Financial Group in the fourth quarter worth $1,158,000. Vident Advisory LLC increased its position in Citizens Financial Group by 71.1% in the 4th quarter. Vident Advisory LLC now owns 19,092 shares of the bank's stock worth $836,000 after purchasing an additional 7,933 shares during the last quarter. WBI Investments LLC increased its position in Citizens Financial Group by 18.3% in the 4th quarter. WBI Investments LLC now owns 22,615 shares of the bank's stock worth $990,000 after purchasing an additional 3,506 shares during the last quarter. Triglav Skladi D.O.O. acquired a new stake in shares of Citizens Financial Group during the 4th quarter valued at about $9,531,000. Finally, True Wealth Design LLC grew its stake in shares of Citizens Financial Group by 10.5% in the 4th quarter. True Wealth Design LLC now owns 2,890 shares of the bank's stock valued at $126,000 after buying an additional 275 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Price Performance

Shares of CFG stock traded down $0.68 during trading hours on Wednesday, hitting $39.74. The company had a trading volume of 5,165,200 shares, compared to its average volume of 4,817,461. 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. The firm's fifty day moving average is $38.42 and its 200 day moving average is $42.96. The firm has a market capitalization of $17.37 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 0.81 and a beta of 0.74.

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

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Wednesday, April 30th. Citizens Financial Group's payout ratio is currently 53.33%.

Wall Street Analyst Weigh In

CFG has been the subject of a number of analyst reports. Argus set a $45.00 target price on shares of Citizens Financial Group in a research note on Thursday, April 24th. Keefe, Bruyette & Woods reduced 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. Citigroup decreased their price objective on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating for the company in a report on Monday, March 24th. Stephens dropped their target price on shares of Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Finally, Cowen started coverage on shares of Citizens Financial Group in a report on Wednesday, May 14th. They set a "buy" rating for the company. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $47.50.

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.