Capital Advisors Inc. OK Invests $3.32 Million in Citizens Financial Group, Inc. (NYSE:CFG)

Capital Advisors Inc. OK acquired a new position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 100,200 shares of the bank's stock, valued at approximately $3,321,000.

Other institutional investors have also added to or reduced their stakes in the company. Capital World Investors increased its stake in shares of Citizens Financial Group by 76.0% in the 1st quarter. Capital World Investors now owns 19,002,482 shares of the bank's stock worth $861,383,000 after acquiring an additional 8,203,831 shares in the last quarter. Wellington Management Group LLP raised its stake in Citizens Financial Group by 217.5% during the 3rd quarter. Wellington Management Group LLP now owns 7,978,410 shares of the bank's stock worth $213,821,000 after acquiring an additional 5,465,824 shares during the period. Norges Bank bought a new stake in Citizens Financial Group during the 4th quarter worth approximately $192,928,000. AQR Capital Management LLC raised its stake in Citizens Financial Group by 1,213.2% during the 3rd quarter. AQR Capital Management LLC now owns 3,746,064 shares of the bank's stock worth $100,395,000 after acquiring an additional 3,460,792 shares during the period. Finally, Morgan Stanley raised its position in shares of Citizens Financial Group by 18.0% during the fourth quarter. Morgan Stanley now owns 18,297,989 shares of the bank's stock valued at $720,392,000 after buying an additional 2,785,751 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Stock Performance

NYSE CFG traded down $0.43 during trading hours on Friday, reaching $33.14. The stock had a trading volume of 3,453,943 shares, compared to its average volume of 5,607,798. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 0.88. Citizens Financial Group, Inc. has a 52-week low of $22.77 and a 52-week high of $36.38. The stock has a fifty day moving average of $33.17 and a 200 day moving average of $30.46. The stock has a market cap of $15.19 billion, a P/E ratio of 10.66 and a beta of 1.38.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its earnings results on Wednesday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.26). Citizens Financial Group had a net margin of 13.19% and a return on equity of 7.40%. The business had revenue of $2 billion for the quarter, compared to analysts' expectations of $2 billion. During the same quarter last year, the business earned $1.25 EPS. The company's quarterly revenue was down 9.2% on a year-over-year basis. Sell-side analysts predict that Citizens Financial Group, Inc. will post 3.23 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend was Tuesday, January 30th. Citizens Financial Group's dividend payout ratio is presently 54.02%.

Insider Transactions at Citizens Financial Group

In related news, insider Craig Jack Read sold 4,508 shares of the firm's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $33.54, for a total transaction of $151,198.32. Following the completion of the transaction, the insider now directly owns 43,885 shares in the company, valued at approximately $1,471,902.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CFG shares. Evercore ISI boosted their price target on shares of Citizens Financial Group from $35.00 to $39.00 and gave the stock an "in-line" rating in a research report on Thursday, March 28th. Barclays downgraded Citizens Financial Group from an "overweight" rating to an "equal weight" rating and lifted their price objective for the company from $38.00 to $40.00 in a report on Tuesday, January 2nd. Keefe, Bruyette & Woods boosted their target price on shares of Citizens Financial Group from $35.00 to $39.00 and gave the stock a "market perform" rating in a report on Friday, April 5th. Citigroup upgraded shares of Citizens Financial Group from a "neutral" rating to a "buy" rating and set a $36.00 target price for the company in a report on Monday, February 5th. Finally, UBS Group upped their price objective on shares of Citizens Financial Group from $37.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $35.88.

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.