AMP Capital Investors Ltd lowered its holdings in Citizens Financial Group Inc (NYSE:CFG) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 323,800 shares of the bank’s stock after selling 11,883 shares during the period. AMP Capital Investors Ltd owned about 0.07% of Citizens Financial Group worth $13,595,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. BlueCrest Capital Management Ltd bought a new position in Citizens Financial Group in the fourth quarter valued at $6,886,000. Profund Advisors LLC grew its position in Citizens Financial Group by 65.5% in the fourth quarter. Profund Advisors LLC now owns 30,823 shares of the bank’s stock valued at $1,294,000 after purchasing an additional 12,197 shares in the last quarter. Pitcairn Co. grew its position in Citizens Financial Group by 8.9% in the fourth quarter. Pitcairn Co. now owns 14,451 shares of the bank’s stock valued at $606,000 after purchasing an additional 1,182 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Citizens Financial Group by 266.3% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 395,030 shares of the bank’s stock valued at $16,583,000 after purchasing an additional 287,200 shares in the last quarter. Finally, ETRADE Capital Management LLC grew its position in Citizens Financial Group by 6.5% in the fourth quarter. ETRADE Capital Management LLC now owns 24,993 shares of the bank’s stock valued at $1,050,000 after purchasing an additional 1,532 shares in the last quarter. 97.14% of the stock is owned by institutional investors and hedge funds.
Shares of Citizens Financial Group Inc (CFG) opened at $46.15 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $22,710.00, a PE ratio of 17.75, a PEG ratio of 0.77 and a beta of 1.40. Citizens Financial Group Inc has a 12 month low of $31.51 and a 12 month high of $48.23.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Wednesday, January 31st. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.18. Citizens Financial Group’s dividend payout ratio (DPR) is currently 33.85%.
CFG has been the subject of a number of analyst reports. Barclays lifted their price objective on shares of Citizens Financial Group from $41.00 to $49.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Royal Bank of Canada reissued a “hold” rating and issued a $45.00 price objective on shares of Citizens Financial Group in a research report on Sunday, January 21st. BMO Capital Markets raised shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $40.00 to $39.00 in a research report on Tuesday, December 19th. Morgan Stanley lifted their price objective on shares of Citizens Financial Group from $43.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Finally, Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Monday, December 4th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $42.36.
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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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