Deutsche Bank AG increased its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 38.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,617,882 shares of the bank’s stock after purchasing an additional 449,680 shares during the quarter. Deutsche Bank AG owned 0.33% of Citizens Financial Group worth $67,916,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of CFG. Cerebellum GP LLC bought a new position in shares of Citizens Financial Group during the 4th quarter worth approximately $131,000. Valeo Financial Advisors LLC grew its stake in shares of Citizens Financial Group by 128.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 3,148 shares of the bank’s stock worth $132,000 after acquiring an additional 1,770 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Citizens Financial Group by 315.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,397 shares of the bank’s stock worth $142,000 after acquiring an additional 2,580 shares in the last quarter. James Hambro & Partners bought a new position in shares of Citizens Financial Group during the 4th quarter worth approximately $207,000. Finally, Loeb Partners Corp bought a new position in shares of Citizens Financial Group during the 4th quarter worth approximately $210,000. 97.14% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on CFG. ValuEngine raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Sanford C. Bernstein set a $52.00 price target on shares of Citizens Financial Group and gave the stock a “buy” rating in a research note on Monday, January 22nd. Royal Bank of Canada reaffirmed a “hold” rating and set a $45.00 price target on shares of Citizens Financial Group in a research note on Sunday, January 21st. Barclays raised their price target on shares of Citizens Financial Group from $41.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, BMO Capital Markets raised shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $40.00 to $39.00 in a research note on Tuesday, December 19th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Citizens Financial Group has an average rating of “Hold” and an average target price of $42.36.
Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, January 19th. The bank reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.45 billion. Citizens Financial Group had a return on equity of 6.73% and a net margin of 25.60%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. analysts forecast 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. Stockholders of record on Thursday, February 1st were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Wednesday, January 31st. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.18. Citizens Financial Group’s dividend payout ratio is presently 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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