Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP lifted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 207.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,272,043 shares of the bank's stock after acquiring an additional 5,579,313 shares during the period. Wellington Management Group LLP owned 1.88% of Citizens Financial Group worth $339,733,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. AQR Capital Management LLC lifted its stake in shares of 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 purchasing an additional 1,682,886 shares during the period. State Street Corp lifted its position in Citizens Financial Group by 6.7% during the third quarter. State Street Corp now owns 25,826,368 shares of the bank's stock worth $1,060,689,000 after buying an additional 1,615,144 shares during the period. Assenagon Asset Management S.A. boosted its stake in Citizens Financial Group by 3,234.6% in the 2nd 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 during the last quarter. Bank of Montreal Can grew its holdings in Citizens Financial Group by 51.1% in the 3rd quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank's stock valued at $107,897,000 after buying an additional 894,322 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Citizens Financial Group by 124.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,511,148 shares of the bank's stock valued at $62,063,000 after acquiring an additional 838,917 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. DA Davidson raised their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. The Goldman Sachs Group lifted their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Royal Bank of Canada upped their price objective on Citizens Financial Group from $43.00 to $45.00 and gave the stock an "outperform" rating in a report on Thursday, October 17th. Evercore ISI reduced their target price on Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating on the stock in a report on Wednesday, October 2nd. Finally, StockNews.com upgraded Citizens Financial Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $46.27.

Citizens Financial Group Stock Up 0.6 %

CFG traded up $0.26 during trading hours on Friday, reaching $47.03. 2,616,730 shares of the stock traded hands, compared to its average volume of 3,391,519. Citizens Financial Group, Inc. has a fifty-two week low of $28.77 and a fifty-two week high of $49.25. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. The company has a market cap of $20.73 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.77 and a beta of 1.08. The firm's fifty day simple moving average is $44.16 and its two-hundred day simple moving average is $40.59.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The company's revenue was down 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. As a group, analysts forecast that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group's dividend payout ratio (DPR) is currently 66.14%.

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.