28,940 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Acquired by Caprock Group LLC

Caprock Group LLC acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 28,940 shares of the bank's stock, valued at approximately $1,266,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp raised its holdings in shares of Citizens Financial Group by 6.7% in the third quarter. State Street Corp now owns 25,826,368 shares of the bank's stock valued at $1,060,689,000 after purchasing an additional 1,615,144 shares during the last quarter. Wellington Management Group LLP grew its position in Citizens Financial Group by 207.2% in the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank's stock valued at $339,733,000 after purchasing an additional 5,579,313 shares in the last quarter. Nordea Investment Management AB increased its stake in Citizens Financial Group by 19.3% in the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank's stock valued at $217,781,000 after buying an additional 805,758 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Citizens Financial Group by 11.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,144,635 shares of the bank's stock worth $129,150,000 after buying an additional 334,386 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Citizens Financial Group by 51.1% during the 3rd quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank's stock worth $107,897,000 after buying an additional 894,322 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CFG has been the topic of a number of recent research reports. DA Davidson lifted their target price on Citizens Financial Group from $46.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods boosted their price target on Citizens Financial Group from $53.00 to $56.00 and gave the stock a "market perform" rating in a research report on Tuesday, January 21st. The Goldman Sachs Group raised their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Compass Point upped their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Finally, Barclays lifted their price objective on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Citizens Financial Group presently has a consensus rating of "Moderate Buy" and an average target price of $49.00.

Citizens Financial Group Price Performance

Shares of NYSE:CFG traded up $0.69 during trading on Thursday, reaching $48.34. 3,169,101 shares of the company traded hands, compared to its average volume of 3,870,578. The firm has a market capitalization of $21.30 billion, a PE ratio of 15.95, a PEG ratio of 0.83 and a beta of 1.10. Citizens Financial Group, Inc. has a 52 week low of $30.24 and a 52 week high of $49.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company's 50 day moving average is $45.77 and its two-hundred day moving average is $43.53.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. Citizens Financial Group'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 earnings per share. As a group, sell-side analysts predict that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.42 per share. The ex-dividend date is Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 3.48%. Citizens Financial Group's dividend payout ratio is 55.45%.

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.