Healthcare of Ontario Pension Plan Trust Fund Purchases 369,134 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 2,109.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 386,634 shares of the bank's stock after buying an additional 369,134 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.08% of Citizens Financial Group worth $13,930,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC increased its holdings in Citizens Financial Group by 61.4% during the 2nd quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank's stock worth $155,909,000 after acquiring an additional 1,682,886 shares during the period. Capital International Investors increased its holdings in shares of Citizens Financial Group by 4.4% in the first quarter. Capital International Investors now owns 36,709,412 shares of the bank's stock worth $1,332,185,000 after purchasing an additional 1,552,333 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Citizens Financial Group by 3,234.6% in the second quarter. Assenagon Asset Management S.A. now owns 1,100,988 shares of the bank's stock worth $39,669,000 after buying an additional 1,067,971 shares in the last quarter. National Bank of Canada FI boosted its stake in Citizens Financial Group by 680.1% during the second quarter. National Bank of Canada FI now owns 803,919 shares of the bank's stock valued at $28,804,000 after buying an additional 700,860 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Citizens Financial Group by 15.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank's stock worth $159,550,000 after buying an additional 587,115 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Jefferies Financial Group lifted their price target on Citizens Financial Group from $36.00 to $37.00 and gave the company a "hold" rating in a research report on Wednesday, July 3rd. UBS Group boosted their price target on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a "buy" rating in a research note on Thursday, July 18th. Keefe, Bruyette & Woods increased their price target on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a "market perform" rating in a report on Monday. The Goldman Sachs Group lifted their price objective on shares of Citizens Financial Group from $43.00 to $49.00 and gave the stock a "buy" rating in a report on Thursday, July 18th. Finally, Piper Sandler increased their target price on Citizens Financial Group from $45.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, July 26th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Citizens Financial Group has a consensus rating of "Hold" and a consensus price target of $43.07.

Citizens Financial Group Trading Up 3.0 %

Shares of Citizens Financial Group stock traded up $1.19 on Friday, hitting $41.22. The stock had a trading volume of 2,962,015 shares, compared to its average volume of 5,374,199. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.60. Citizens Financial Group, Inc. has a one year low of $22.77 and a one year high of $43.96. The stock's 50-day simple moving average is $41.01 and its two-hundred day simple moving average is $37.53. The stock has a market cap of $18.76 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 1.43 and a beta of 1.08.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly 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 during the quarter, compared to the consensus estimate 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 last year, the business earned $0.92 EPS. As a group, sell-side analysts predict that Citizens Financial Group, Inc. will post 3.24 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend was Wednesday, July 31st. Citizens Financial Group's payout ratio is 60.87%.

Insiders Place Their Bets

In other news, insider Craig Jack Read sold 3,938 shares of the business's stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total transaction of $170,357.88. Following the transaction, the insider now directly owns 33,620 shares of the company's stock, valued at approximately $1,454,401.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.62% of the company's stock.

About Citizens Financial Group

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.