Geode Capital Management LLC Acquires 124,860 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Geode Capital Management LLC raised its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,929,591 shares of the bank's stock after purchasing an additional 124,860 shares during the period. Geode Capital Management LLC owned approximately 2.48% of Citizens Financial Group worth $477,043,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. StoneX Group Inc. increased its position in shares of Citizens Financial Group by 21.2% in the 4th quarter. StoneX Group Inc. now owns 57,769 shares of the bank's stock valued at $2,528,000 after buying an additional 10,099 shares in the last quarter. Franklin Resources Inc. raised its holdings in Citizens Financial Group by 9.4% during the 4th quarter. Franklin Resources Inc. now owns 717,542 shares of the bank's stock worth $31,400,000 after buying an additional 61,942 shares during the period. B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Citizens Financial Group by 18.0% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 108,038 shares of the bank's stock valued at $4,722,000 after buying an additional 16,452 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Citizens Financial Group by 27.8% in the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock valued at $462,547,000 after buying an additional 2,298,040 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Citizens Financial Group by 9.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 518,444 shares of the bank's stock worth $22,687,000 after acquiring an additional 45,469 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a "market perform" rating in a research note on Tuesday, January 21st. Morgan Stanley reduced their price objective on Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Compass Point lifted their target price on Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. reduced their price target on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. 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 report on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $49.06.

Citizens Financial Group Stock Performance

NYSE CFG traded up $3.10 during trading on Wednesday, reaching $37.50. 10,043,319 shares of the company's stock were exchanged, compared to its average volume of 4,742,412. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25. The stock has a market capitalization of $16.39 billion, a P/E ratio of 12.38, a PEG ratio of 0.81 and a beta of 0.81. The business has a 50 day moving average price of $42.58 and a 200-day moving average price of $43.86. 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 (NYSE:CFG - Get Free Report) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.96 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The firm's revenue for the quarter was down .1% on a year-over-year basis. Sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's 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.