LPL Financial LLC Acquires 8,321 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

LPL Financial LLC boosted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 2.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 392,417 shares of the bank's stock after purchasing an additional 8,321 shares during the quarter. LPL Financial LLC owned about 0.09% of Citizens Financial Group worth $17,172,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Ameliora Wealth Management Ltd. acquired a new stake in 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 during the fourth quarter worth $28,000. Sierra Ocean LLC bought a new stake in Citizens Financial Group in the fourth quarter valued at about $47,000. Legacy Investment Solutions LLC acquired a new position in Citizens Financial Group in the third quarter valued at about $48,000. Finally, Duncker Streett & Co. Inc. bought a new position in Citizens Financial Group during the fourth quarter worth about $51,000. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Stock Performance

CFG stock traded down $1.94 during midday trading on Friday, reaching $34.28. 8,826,677 shares of the company were exchanged, compared to its average volume of 4,713,028. The firm has a market capitalization of $14.98 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81. The business has a 50-day moving average price of $43.78 and a two-hundred day moving average price of $44.08. Citizens Financial Group, Inc. has a one year low of $32.06 and a one year high of $49.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85.

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Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.02. The business 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%. Citizens Financial Group's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 EPS. Equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared 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. The ex-dividend date was Friday, January 31st. This represents a $1.68 annualized dividend and a yield of 4.90%. Citizens Financial Group's payout ratio is currently 55.45%.

Analyst Ratings Changes

CFG has been the topic of a number of analyst reports. Morgan Stanley cut their price target on shares of Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Compass Point upped their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Barclays boosted their target price on Citizens Financial Group from $47.00 to $52.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. cut their price objective on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Raymond James reiterated a "strong-buy" rating and issued a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Nine 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 company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.