Pictet Asset Management Holding SA Buys 25,271 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Pictet Asset Management Holding SA increased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,000 shares of the bank's stock after buying an additional 25,271 shares during the quarter. Pictet Asset Management Holding SA owned 0.06% of Citizens Financial Group worth $12,165,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. D.A. Davidson & CO. purchased a new position in shares of Citizens Financial Group in the 3rd quarter worth approximately $209,000. Townsquare Capital LLC lifted its holdings in Citizens Financial Group by 22.0% during the third quarter. Townsquare Capital LLC now owns 19,846 shares of the bank's stock worth $815,000 after acquiring an additional 3,580 shares during the period. CreativeOne Wealth LLC purchased a new position in Citizens Financial Group in the third quarter worth $227,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Citizens Financial Group by 48.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 115,529 shares of the bank's stock valued at $4,745,000 after purchasing an additional 37,517 shares during the period. Finally, Public Sector Pension Investment Board increased its position in shares of Citizens Financial Group by 1.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 78,414 shares of the bank's stock valued at $3,220,000 after purchasing an additional 1,300 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CFG shares. Stephens reissued an "overweight" rating and issued a $53.00 price target on shares of Citizens Financial Group in a report on Wednesday, January 29th. Barclays boosted their target price on shares of 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. Raymond James reissued a "strong-buy" rating and set a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Compass Point lifted their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Finally, Morgan Stanley dropped their price objective on Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Nine investment 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 MarketBeat, Citizens Financial Group currently has a consensus rating of "Moderate Buy" and an average price target of $49.06.

Citizens Financial Group Price Performance

Shares of CFG stock traded down $1.94 during trading hours on Friday, reaching $34.28. The stock had a trading volume of 8,826,677 shares, compared to its average volume of 4,713,028. The stock's fifty day simple moving average is $43.78 and its 200 day simple moving average is $44.10. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $14.98 billion, a PE ratio of 11.31, a PEG ratio of 0.81 and a beta of 0.81. Citizens Financial Group, Inc. has a 12 month low of $32.06 and a 12 month high of $49.25.

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 the consensus estimate of $0.83 by $0.02. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business's quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. On average, equities research analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 4.90%. Citizens Financial Group's dividend payout ratio is currently 55.45%.

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.