Oddo BHF Asset Management Sas Makes New Investment in Citizens Financial Group, Inc. (NYSE:CFG)

Oddo BHF Asset Management Sas purchased a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 14,370 shares of the bank's stock, valued at approximately $590,000.

Other large investors have also bought and sold shares of the company. State Street Corp lifted its holdings in shares of Citizens Financial Group by 6.7% during the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank's stock valued at $1,060,689,000 after buying an additional 1,615,144 shares during the period. Wellington Management Group LLP grew its holdings in Citizens Financial Group by 207.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank's stock valued at $339,733,000 after buying an additional 5,579,313 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Citizens Financial Group by 1.8% in the second quarter. LSV Asset Management now owns 6,580,797 shares of the bank's stock worth $237,106,000 after buying an additional 113,300 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Citizens Financial Group by 15.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank's stock valued at $159,550,000 after purchasing an additional 587,115 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Citizens Financial Group by 61.4% in the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank's stock worth $155,909,000 after purchasing an additional 1,682,886 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CFG shares. Citigroup increased their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Royal Bank of Canada lifted their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods lifted their target price on Citizens Financial Group from $46.00 to $53.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Compass Point raised their price target on Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Finally, Evercore ISI cut their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 2nd. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $46.94.

Citizens Financial Group Price Performance

Citizens Financial Group stock traded up $0.16 during midday trading on Friday, reaching $45.70. The company's stock had a trading volume of 4,833,038 shares, compared to its average volume of 5,183,929. The stock's 50 day simple moving average is $44.71 and its 200 day simple moving average is $40.97. Citizens Financial Group, Inc. has a fifty-two week low of $30.24 and a fifty-two week high of $49.25. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market capitalization of $20.14 billion, a PE ratio of 17.99, a P/E/G ratio of 1.76 and a beta of 1.08.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting analysts' consensus estimates of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm posted $0.85 earnings per share. Citizens Financial Group's revenue was down 5.6% on a year-over-year basis. On average, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were paid a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.68%. Citizens Financial Group's payout ratio is currently 66.14%.

Citizens Financial Group Profile

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.