TD Waterhouse Canada Inc. Purchases 27,450 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

TD Waterhouse Canada Inc. raised its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 2,285.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,651 shares of the bank's stock after acquiring an additional 27,450 shares during the period. TD Waterhouse Canada Inc.'s holdings in Citizens Financial Group were worth $1,254,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in shares of Citizens Financial Group by 83.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 33,753 shares of the bank's stock valued at $1,477,000 after buying an additional 15,378 shares during the last quarter. MML Investors Services LLC lifted its holdings in Citizens Financial Group by 5.8% in the fourth quarter. MML Investors Services LLC now owns 56,989 shares of the bank's stock worth $2,494,000 after purchasing an additional 3,143 shares during the period. Mesirow Institutional Investment Management Inc. grew its position in Citizens Financial Group by 55.9% in the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 90,123 shares of the bank's stock valued at $3,944,000 after buying an additional 32,327 shares in the last quarter. Norinchukin Bank The raised its position in shares of Citizens Financial Group by 9.0% during the 4th quarter. Norinchukin Bank The now owns 20,424 shares of the bank's stock worth $894,000 after buying an additional 1,691 shares in the last quarter. Finally, Ossiam lifted its stake in shares of Citizens Financial Group by 860.8% in the 4th quarter. Ossiam now owns 266,205 shares of the bank's stock worth $11,649,000 after acquiring an additional 238,499 shares during the period. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Stock Down 1.8 %

Shares of CFG traded down $0.66 during trading hours on Wednesday, reaching $36.47. The company's stock had a trading volume of 971,539 shares, compared to its average volume of 4,739,595. The company has a 50 day moving average of $39.50 and a two-hundred day moving average of $43.38. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market cap of $15.94 billion, a price-to-earnings ratio of 12.02, a P/E/G ratio of 0.81 and a beta of 0.81. Citizens Financial Group, Inc. has a 1-year low of $32.60 and a 1-year high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.94 billion. As a group, research analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a yield of 4.61%. Citizens Financial Group's dividend payout ratio (DPR) is currently 53.33%.

Analyst Ratings Changes

CFG has been the subject of a number of research analyst reports. Stephens cut their target price on Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. The Goldman Sachs Group lowered their target price on Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Barclays reduced their price objective on shares of Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Piper Sandler cut 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 research note on Thursday, April 17th. Finally, Morgan Stanley reduced their target price on shares of Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating for the company in a report 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. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $46.18.

About Citizens Financial Group

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.