Erste Asset Management GmbH Increases Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Erste Asset Management GmbH raised its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 25.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 64,864 shares of the bank's stock after purchasing an additional 13,210 shares during the quarter. Erste Asset Management GmbH's holdings in Citizens Financial Group were worth $2,829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. My Legacy Advisors LLC raised its holdings in shares of Citizens Financial Group by 1.0% during the fourth quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank's stock valued at $1,074,000 after acquiring an additional 229 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Citizens Financial Group by 3.3% during the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank's stock valued at $320,000 after acquiring an additional 233 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in shares of Citizens Financial Group by 0.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank's stock valued at $1,257,000 after acquiring an additional 246 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of Citizens Financial Group by 3.3% during the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank's stock valued at $340,000 after acquiring an additional 247 shares in the last quarter. Finally, Commerce Bank raised its holdings in shares of Citizens Financial Group by 1.9% during the third quarter. Commerce Bank now owns 13,177 shares of the bank's stock valued at $541,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 94.90% of the company's stock.

Remove Ads

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock traded up $0.38 during trading on Wednesday, hitting $41.34. 3,510,361 shares of the company's stock traded hands, compared to its average volume of 4,146,718. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group, Inc. has a 1 year low of $32.06 and a 1 year high of $49.25. The stock has a market capitalization of $18.07 billion, a P/E ratio of 13.64, a PEG ratio of 0.81 and a beta of 1.06. The business has a 50-day simple moving average of $45.31 and a 200-day simple moving average of $44.15.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.96 billion. During the same period last year, the firm posted $0.85 earnings per share. Citizens Financial Group's revenue was down .1% compared to the same quarter last year. As a group, analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed 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 of this dividend was Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 4.06%. Citizens Financial Group's dividend payout ratio (DPR) is presently 55.45%.

Analysts Set New Price Targets

A number of brokerages recently commented on CFG. Citigroup upped their target price on Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Stephens restated an "overweight" rating and set a $53.00 target price on shares of Citizens Financial Group in a report on Wednesday, January 29th. Morgan Stanley decreased their price objective on 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 reiterated a "strong-buy" rating and issued a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Finally, Compass Point increased their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $49.22.

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.