American Century Companies Inc. Purchases 7,534 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

American Century Companies Inc. boosted its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 223,731 shares of the bank's stock after acquiring an additional 7,534 shares during the quarter. American Century Companies Inc. owned 0.05% of Citizens Financial Group worth $9,790,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. acquired a new position in shares of Citizens Financial Group during the 4th quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Citizens Financial Group in the 4th quarter valued at approximately $28,000. Sierra Ocean LLC acquired a new stake in shares of Citizens Financial Group in the 4th quarter valued at approximately $47,000. Legacy Investment Solutions LLC bought a new stake in shares of Citizens Financial Group during the 3rd quarter valued at approximately $48,000. Finally, Duncker Streett & Co. Inc. acquired a new position in Citizens Financial Group during the 4th quarter worth approximately $51,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Stock Up 1.4 %

Shares of NYSE:CFG traded up $0.49 during trading on Monday, reaching $34.76. 7,997,252 shares of the stock were exchanged, compared to its average volume of 4,726,108. Citizens Financial Group, Inc. has a 1-year low of $31.51 and a 1-year high of $49.25. The stock has a fifty day moving average of $43.52 and a two-hundred day moving average of $44.05. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $15.20 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81.

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Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm's revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 EPS. Research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 4.83%. Citizens Financial Group's payout ratio is 55.45%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Morgan Stanley lowered their price target on shares of Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Raymond James reissued a "strong-buy" rating and set a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Stephens reaffirmed an "overweight" rating and issued a $53.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on shares of Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday. Finally, Compass Point boosted their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.06.

Citizens Financial Group Company 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.