Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 83.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,753 shares of the bank's stock after buying an additional 15,378 shares during the period. Tower Research Capital LLC TRC's holdings in Citizens Financial Group were worth $1,477,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CFG. My Legacy Advisors LLC grew its position in shares of Citizens Financial Group by 1.0% during the 4th quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank's stock valued at $1,074,000 after acquiring an additional 229 shares during the period. Brooklyn Investment Group increased its position in shares of Citizens Financial Group by 3.3% in the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank's stock valued at $320,000 after buying an additional 233 shares in the last quarter. 1620 Investment Advisors Inc. raised its stake in shares of Citizens Financial Group by 3.2% during the 4th quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank's stock worth $338,000 after buying an additional 238 shares during the period. SeaCrest Wealth Management LLC lifted its position in shares of Citizens Financial Group by 0.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank's stock valued at $1,257,000 after buying an additional 246 shares in the last quarter. Finally, Ballentine Partners LLC grew its stake in Citizens Financial Group by 3.3% in the 4th quarter. Ballentine Partners LLC now owns 7,777 shares of the bank's stock valued at $340,000 after acquiring an additional 247 shares during the period. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Trading Down 1.0 %

Shares of CFG traded down $0.38 during midday trading on Friday, hitting $37.06. 3,350,553 shares of the stock were exchanged, compared to its average volume of 4,801,139. The stock has a fifty day simple moving average of $39.87 and a 200 day simple moving average of $43.45. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week high of $49.25. The firm has a market cap of $16.20 billion, a P/E ratio of 12.23, a P/E/G ratio of 0.81 and a beta of 0.81.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. On average, research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.53%. Citizens Financial Group's dividend payout ratio (DPR) is presently 53.33%.

Wall Street Analysts Forecast Growth

CFG has been the subject of several research reports. Morgan Stanley cut their price objective on Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. JPMorgan Chase & Co. cut their price target on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Royal Bank of Canada lowered their price objective on Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. DA Davidson cut their target price on Citizens Financial Group from $53.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Piper Sandler lowered their price target on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Citizens Financial Group currently has an average rating of "Moderate Buy" and a consensus price target of $46.18.

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.