Henderson Group PLC lowered its stake in shares of Citizens Financial Group Inc (NYSE:CFG) by 30.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 292,549 shares of the bank’s stock after selling 128,867 shares during the period. Henderson Group PLC owned approximately 0.06% of Citizens Financial Group worth $10,106,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd acquired a new stake in Citizens Financial Group during the fourth quarter valued at approximately $119,000. FTB Advisors Inc. increased its stake in shares of Citizens Financial Group by 39.5% in the first quarter. FTB Advisors Inc. now owns 3,381 shares of the bank’s stock worth $124,000 after buying an additional 957 shares during the last quarter. Virtus Investment Advisers Inc. purchased a new stake in shares of Citizens Financial Group during the third quarter worth about $106,000. Coconut Grove Bank increased its stake in shares of Citizens Financial Group by 59.1% in the first quarter. Coconut Grove Bank now owns 4,845 shares of the bank’s stock worth $167,000 after buying an additional 1,800 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in shares of Citizens Financial Group during the fourth quarter worth about $204,000. 97.12% of the stock is currently owned by institutional investors and hedge funds.
Citizens Financial Group Inc (NYSE:CFG) traded up 0.32% during trading on Friday, hitting $34.57. The stock had a trading volume of 5,270,214 shares. The stock has a market capitalization of $17.51 billion, a PE ratio of 15.93 and a beta of 1.36. The stock’s 50-day moving average is $35.64 and its 200-day moving average is $35.06. Citizens Financial Group Inc has a 52-week low of $18.34 and a 52-week high of $39.75.
Citizens Financial Group (NYSE:CFG) last posted its earnings results on Thursday, April 20th. The bank reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.10. Citizens Financial Group had a return on equity of 5.19% and a net margin of 18.13%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the business earned $0.41 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts predict that Citizens Financial Group Inc will post $2.44 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 17th. Shareholders of record on Wednesday, May 3rd were given a $0.14 dividend. The ex-dividend date of this dividend was Monday, May 1st. This represents a $0.56 dividend on an annualized basis and a yield of 1.63%. Citizens Financial Group’s dividend payout ratio is currently 28.28%.
Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods set a $39.00 price objective on shares of Citizens Financial Group and gave the stock a “buy” rating in a research report on Saturday, March 25th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Citizens Financial Group in a research report on Saturday, April 22nd. Macquarie began coverage on shares of Citizens Financial Group in a research report on Thursday. They issued an “underperform” rating and a $33.00 price objective on the stock. Citigroup Inc reiterated a “hold” rating on shares of Citizens Financial Group in a research report on Friday, April 21st. Finally, Piper Jaffray Companies reiterated a “neutral” rating and set a $38.00 price target (down from $40.00) on shares of Citizens Financial Group in a research report on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $34.77.
Citizens Financial Group Company Profile
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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