Citizens Financial Group, Inc. (NYSE:CFG) Shares Acquired by Vident Advisory LLC

Vident Advisory LLC grew its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 71.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,092 shares of the bank's stock after purchasing an additional 7,933 shares during the quarter. Vident Advisory LLC's holdings in Citizens Financial Group were worth $836,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BTC Capital Management Inc. boosted its stake in Citizens Financial Group by 19.8% during the 4th quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank's stock worth $1,882,000 after purchasing an additional 7,119 shares during the last quarter. Patton Fund Management Inc. acquired a new stake in Citizens Financial Group during the 4th quarter worth $6,694,000. AEGON ASSET MANAGEMENT UK Plc boosted its stake in Citizens Financial Group by 46.8% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank's stock worth $50,430,000 after purchasing an additional 367,439 shares during the last quarter. SVB Wealth LLC acquired a new stake in Citizens Financial Group during the 4th quarter worth $421,000. Finally, Arvest Bank Trust Division acquired a new stake in Citizens Financial Group during the 4th quarter worth $2,196,000. Institutional investors and hedge funds own 94.90% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CFG. Barclays lowered their price target 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. 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 research report on Friday. Keefe, Bruyette & Woods lowered their price target on shares of Citizens Financial Group from $49.00 to $45.00 and set a "market perform" rating on the stock in a research report on Thursday, April 17th. The Goldman Sachs Group lowered their price target on shares of Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Citigroup lowered their price target on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned 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 has a consensus rating of "Moderate Buy" and an average price target of $47.89.

Citizens Financial Group Trading Down 0.3%

NYSE CFG traded down $0.12 during trading hours on Friday, reaching $40.15. The company had a trading volume of 1,032,278 shares, compared to its average volume of 4,807,633. The stock has a 50-day moving average of $38.35 and a 200 day moving average of $42.90. Citizens Financial Group, Inc. has a 1-year low of $32.60 and a 1-year high of $49.25. 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 stock has a market capitalization of $17.55 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings results 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 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%. As a group, research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.18%. Citizens Financial Group's dividend payout ratio is presently 53.33%.

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.