Wealth Enhancement Advisory Services LLC Has $11.32 Million Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Wealth Enhancement Advisory Services LLC grew its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 148.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 258,623 shares of the bank's stock after purchasing an additional 154,404 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.06% of Citizens Financial Group worth $11,317,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Norges Bank purchased a new stake in Citizens Financial Group in the fourth quarter valued at $243,431,000. Wellington Management Group LLP lifted its stake in 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 worth $462,547,000 after purchasing an additional 2,298,040 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased 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 acquiring an additional 1,672,204 shares during the period. AQR Capital Management LLC raised its stake in Citizens Financial Group by 32.2% in the fourth quarter. AQR Capital Management LLC now owns 6,186,364 shares of the bank's stock valued at $270,715,000 after buying an additional 1,507,536 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Citizens Financial Group during the fourth quarter worth about $56,483,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

CFG traded down $0.63 on Wednesday, reaching $40.20. The company had a trading volume of 3,575,387 shares, compared to its average volume of 4,824,890. The company has a fifty day moving average of $38.27 and a 200-day moving average of $42.73. The company has a market capitalization of $17.57 billion, a P/E ratio of 13.27, a PEG ratio of 0.81 and a beta of 0.74. Citizens Financial Group, Inc. has a one year low of $32.60 and a one 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.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.02. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. As a group, equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm 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 4.18%. The ex-dividend date was Wednesday, April 30th. Citizens Financial Group's dividend payout ratio is presently 53.33%.

Analyst Ratings Changes

Several equities analysts have weighed in on CFG shares. Cowen initiated coverage on shares of Citizens Financial Group in a report on Wednesday, May 14th. They set a "buy" rating for the company. Raymond James reissued a "strong-buy" rating and set a $48.00 price target (down previously from $58.00) on shares of Citizens Financial Group in a research report on Thursday, April 17th. TD Cowen initiated coverage on shares of Citizens Financial Group in a research note on Thursday, May 15th. They set a "buy" rating and a $57.00 price objective on the stock. Stephens lowered their price objective on shares of Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Finally, UBS Group lifted their target price on shares of Citizens Financial Group from $50.00 to $53.00 and gave the company a "buy" rating in a research note on Friday, May 30th. 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. According to data from MarketBeat.com, Citizens Financial Group currently has an average rating of "Moderate Buy" and a consensus 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.