Citizens Financial Group, Inc. (CFG) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank lifted its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 24.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 173,841 shares of the bank’s stock after purchasing an additional 33,596 shares during the period. Toronto Dominion Bank’s holdings in Citizens Financial Group were worth $6,201,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Citizens Financial Group by 4.4% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,133,028 shares of the bank’s stock valued at $40,426,000 after purchasing an additional 47,855 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Citizens Financial Group by 16,695.7% in the second quarter. Lazard Asset Management LLC now owns 2,779,356 shares of the bank’s stock valued at $99,167,000 after purchasing an additional 2,762,808 shares in the last quarter. Intrust Bank NA acquired a new stake in shares of Citizens Financial Group in the second quarter valued at approximately $267,000. Todd Asset Management LLC increased its holdings in shares of Citizens Financial Group by 33.4% in the second quarter. Todd Asset Management LLC now owns 1,819,023 shares of the bank’s stock valued at $64,903,000 after purchasing an additional 455,476 shares in the last quarter. Finally, PICTET BANK & TRUST Ltd acquired a new stake in shares of Citizens Financial Group in the second quarter valued at approximately $1,629,000. 96.45% of the stock is owned by institutional investors and hedge funds.

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Shares of Citizens Financial Group, Inc. (NYSE CFG) traded down 0.16% during midday trading on Friday, reaching $38.45. 2,464,713 shares of the company’s stock traded hands. The company has a 50 day moving average of $36.36 and a 200 day moving average of $35.52. The firm has a market cap of $19.25 billion, a PE ratio of 16.42 and a beta of 1.37. Citizens Financial Group, Inc. has a 52-week low of $25.87 and a 52-week high of $39.75.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, October 20th. The bank reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.04. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. On average, equities analysts predict that Citizens Financial Group, Inc. will post $2.58 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Tuesday, October 31st. Citizens Financial Group’s payout ratio is 29.15%.

A number of equities analysts have issued reports on the stock. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Citizens Financial Group in a research note on Monday, October 23rd. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday. Barclays PLC raised their price objective on shares of Citizens Financial Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Bank of America Corporation reaffirmed an “underperform” rating and issued a $40.00 price objective (down from $41.00) on shares of Citizens Financial Group in a research note on Monday, October 2nd. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $42.00 price objective (up from $38.00) on shares of Citizens Financial Group in a research note on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.60.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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