Woodline Partners LP Buys New Shares in Citizens Financial Group, Inc. (NYSE:CFG)

Woodline Partners LP bought a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,466 shares of the bank's stock, valued at approximately $1,158,000.

Other hedge funds have also made changes to their positions in the company. Capital World Investors increased its holdings in shares of Citizens Financial Group by 3.3% in the fourth quarter. Capital World Investors now owns 35,900,115 shares of the bank's stock valued at $1,570,989,000 after purchasing an additional 1,131,838 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Citizens Financial Group by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank's stock valued at $477,043,000 after purchasing an additional 124,860 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of 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 purchasing an additional 2,298,040 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased 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 last quarter. Finally, Royal Bank of Canada increased its holdings in shares of 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 valued at $273,378,000 after purchasing an additional 374,850 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on CFG. Raymond James reaffirmed a "strong-buy" rating and issued a $48.00 price target (down previously from $58.00) on shares of Citizens Financial Group in a report on Thursday, April 17th. UBS Group raised their target price on Citizens Financial Group from $50.00 to $53.00 and gave the stock a "buy" rating in a research note on Friday. Citigroup cut their target price on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating for the company in a research note on Monday, March 24th. TD Cowen assumed coverage on Citizens Financial Group in a research note on Thursday, May 15th. They set a "buy" rating and a $57.00 target price for the company. Finally, Barclays cut their target price on Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Citizens Financial Group has an average rating of "Moderate Buy" and a consensus price target of $47.89.

Citizens Financial Group Trading Up 0.2%

Shares of CFG traded up $0.07 during midday trading on Friday, hitting $40.33. 7,319,253 shares of the stock were exchanged, compared to its average volume of 4,829,262. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week high of $49.25. The stock has a fifty day simple moving average of $38.32 and a 200 day simple moving average of $42.83. The firm has a market cap of $17.63 billion, a P/E ratio of 13.31, a P/E/G ratio of 0.81 and a beta of 0.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were issued a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a yield of 4.17%. Citizens Financial Group's dividend payout ratio (DPR) 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.