BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $2.84 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 35.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 78,203 shares of the bank's stock after purchasing an additional 20,649 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in Citizens Financial Group were worth $2,838,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital International Investors increased its position in Citizens Financial Group by 3.5% during the 4th quarter. Capital International Investors now owns 35,157,079 shares of the bank's stock worth $1,165,106,000 after purchasing an additional 1,199,158 shares in the last quarter. LSV Asset Management boosted its holdings in Citizens Financial Group by 1.5% in the 4th quarter. LSV Asset Management now owns 6,504,591 shares of the bank's stock worth $215,562,000 after acquiring an additional 95,292 shares during the period. Nordea Investment Management AB boosted its holdings in Citizens Financial Group by 15.3% in the 1st quarter. Nordea Investment Management AB now owns 3,625,128 shares of the bank's stock worth $130,722,000 after acquiring an additional 480,129 shares during the period. Norges Bank purchased a new position in Citizens Financial Group in the 4th quarter worth approximately $117,372,000. Finally, Hsbc Holdings PLC boosted its holdings in Citizens Financial Group by 96.3% in the 4th quarter. Hsbc Holdings PLC now owns 2,472,122 shares of the bank's stock worth $81,932,000 after acquiring an additional 1,212,642 shares during the period. Institutional investors and hedge funds own 94.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CFG shares. UBS Group upped their price target on Citizens Financial Group from $42.00 to $46.00 and gave the stock a "buy" rating in a report on Thursday. Raymond James started coverage on Citizens Financial Group in a research note on Thursday, July 11th. They set a "market perform" rating for the company. Morgan Stanley increased their target price on Citizens Financial Group from $38.00 to $41.00 and gave the company an "equal weight" rating in a research note on Thursday. The Goldman Sachs Group increased their target price on Citizens Financial Group from $43.00 to $49.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Evercore ISI increased their target price on Citizens Financial Group from $38.00 to $39.00 and gave the company an "in-line" rating in a research note on Tuesday, June 25th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $40.75.

Citizens Financial Group Stock Performance

Shares of CFG traded up $0.25 during trading hours on Friday, reaching $41.00. 5,799,130 shares of the company's stock traded hands, compared to its average volume of 5,611,291. The firm has a market capitalization of $18.66 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 1.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.87. Citizens Financial Group, Inc. has a twelve month low of $22.77 and a twelve month high of $41.94. The business's fifty day simple moving average is $35.89 and its two-hundred day simple moving average is $34.26.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its earnings results on Wednesday, July 17th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.95 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. Citizens Financial Group's revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 earnings per share. Analysts predict that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Wednesday, July 31st. Citizens Financial Group's payout ratio is currently 60.87%.

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.