Teachers Advisors LLC raised its stake in Citizens Financial Group Inc (NYSE:CFG) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,759,299 shares of the bank’s stock after purchasing an additional 232,942 shares during the quarter. Teachers Advisors LLC owned about 0.76% of Citizens Financial Group worth $157,815,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in CFG. Nationwide Fund Advisors boosted its holdings in shares of Citizens Financial Group by 12.7% in the 3rd quarter. Nationwide Fund Advisors now owns 481,230 shares of the bank’s stock valued at $18,224,000 after purchasing an additional 54,205 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Citizens Financial Group by 34.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 26,485 shares of the bank’s stock valued at $1,003,000 after purchasing an additional 6,735 shares during the last quarter. Boston Partners boosted its holdings in shares of Citizens Financial Group by 90.2% in the 3rd quarter. Boston Partners now owns 774,315 shares of the bank’s stock valued at $29,323,000 after purchasing an additional 367,306 shares during the last quarter. Global X MANAGEMENT CO LLC boosted its holdings in shares of Citizens Financial Group by 11.0% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 21,042 shares of the bank’s stock valued at $797,000 after purchasing an additional 2,084 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at $3,233,000. Institutional investors own 97.14% of the company’s stock.
A number of equities analysts have recently commented on CFG shares. Royal Bank of Canada reissued a “hold” rating and issued a $45.00 target price on shares of Citizens Financial Group in a research note on Sunday, January 21st. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Monday, December 4th. Barclays raised their target price on shares of Citizens Financial Group from $41.00 to $49.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Morgan Stanley raised their target price on shares of Citizens Financial Group from $43.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Finally, ValuEngine raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Citizens Financial Group presently has a consensus rating of “Hold” and a consensus target price of $42.36.
Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 19th. The bank reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.45 billion. Citizens Financial Group had a net margin of 25.60% and a return on equity of 6.73%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS. sell-side analysts predict that Citizens Financial Group Inc will post 3.36 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were issued a dividend of $0.22 per share. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.18. This represents a $0.88 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Wednesday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is currently 26.91%.
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Citizens Financial Group 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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