Woodline Partners LP Makes New $1.16 Million Investment in Citizens Financial Group, Inc. (NYSE:CFG)

Woodline Partners LP acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 26,466 shares of the bank's stock, valued at approximately $1,158,000.

Several other large investors also recently added to or reduced their stakes in CFG. BTC Capital Management Inc. lifted its holdings in Citizens Financial Group by 19.8% during the fourth quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank's stock worth $1,882,000 after buying an additional 7,119 shares during the period. Patton Fund Management Inc. acquired a new stake in Citizens Financial Group during the 4th quarter worth about $6,694,000. SVB Wealth LLC acquired a new stake in shares of Citizens Financial Group during the 4th quarter valued at about $421,000. Arvest Bank Trust Division acquired a new stake in shares of Citizens Financial Group during the 4th quarter valued at about $2,196,000. Finally, Hager Investment Management Services LLC purchased a new position in Citizens Financial Group in the 4th quarter valued at about $237,000. 94.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Piper Sandler dropped their target price on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Jefferies Financial Group assumed coverage on shares of Citizens Financial Group in a research report on Wednesday, May 21st. They issued a "buy" rating and a $50.00 price target for the company. Argus set a $45.00 target price on shares of Citizens Financial Group in a report on Thursday, April 24th. Morgan Stanley dropped their price target on shares of Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating on the stock 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. Finally, DA Davidson dropped their target price on shares of Citizens Financial Group from $53.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Seven investment 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $47.89.

Citizens Financial Group Stock Up 0.3%

Shares of NYSE CFG traded up $0.14 during midday trading on Friday, reaching $40.40. The company's stock had a trading volume of 2,583,909 shares, compared to its average volume of 4,815,496. 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, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $49.25. The stock has a market capitalization of $17.66 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 0.81 and a beta of 0.74. The stock has a 50 day simple moving average of $38.35 and a 200-day simple moving average of $42.90.

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

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend was Wednesday, April 30th. 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.