Mirae Asset Global Investments Co. Ltd. Raises Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 61.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 103,706 shares of the bank's stock after purchasing an additional 39,529 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Citizens Financial Group were worth $3,437,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its position in shares of Citizens Financial Group by 23.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,537 shares of the bank's stock valued at $478,000 after buying an additional 1,980 shares in the last quarter. American Century Companies Inc. raised its position in shares of Citizens Financial Group by 29.7% in the 1st quarter. American Century Companies Inc. now owns 53,879 shares of the bank's stock valued at $2,442,000 after buying an additional 12,350 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Citizens Financial Group by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,027 shares of the bank's stock valued at $2,585,000 after purchasing an additional 3,531 shares during the last quarter. Yousif Capital Management LLC grew its holdings in Citizens Financial Group by 9.3% during the 1st quarter. Yousif Capital Management LLC now owns 71,237 shares of the bank's stock worth $3,229,000 after acquiring an additional 6,060 shares during the last quarter. Finally, Blair William & Co. IL grew its holdings in Citizens Financial Group by 1.5% during the 1st quarter. Blair William & Co. IL now owns 38,619 shares of the bank's stock worth $1,751,000 after acquiring an additional 586 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Stock Performance

NYSE CFG traded down $0.12 during trading on Thursday, hitting $32.90. 5,066,244 shares of the company's stock traded hands, compared to its average volume of 5,895,538. The stock has a market capitalization of $15.08 billion, a price-to-earnings ratio of 10.69 and a beta of 1.38. Citizens Financial Group, Inc. has a 12-month low of $22.77 and a 12-month high of $36.38. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 0.88. The business has a 50 day moving average of $33.25 and a 200-day moving average of $30.56.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings data on Wednesday, April 17th. The bank reported $0.65 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.10). The business had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.96 billion. Citizens Financial Group had a net margin of 13.19% and a return on equity of 7.40%. Citizens Financial Group's revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period last year, the company earned $1.00 earnings per share. As a group, equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.23 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Tuesday, April 30th. Citizens Financial Group's payout ratio is 54.02%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Citizens Financial Group from $37.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, January 18th. StockNews.com downgraded shares of Citizens Financial Group from a "hold" rating to a "sell" rating in a research report on Tuesday, March 5th. 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. Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $35.00 to $39.00 and gave the stock a "market perform" rating in a research report on Friday, April 5th. Finally, Jefferies Financial Group boosted their price target on shares of Citizens Financial Group from $35.00 to $36.00 and gave the stock a "hold" rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $35.88.

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, insider Craig Jack Read sold 4,508 shares of the firm's stock in a transaction on 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 owns 43,885 shares of the company's stock, valued at $1,471,902.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.62% of the company's stock.

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.