Prescott Group Capital Management L.L.C. boosted its position in shares of Citizens Financial Group (NYSE:CFG) by 87.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,000 shares of the bank’s stock after acquiring an additional 7,000 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Citizens Financial Group were worth $630,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cerebellum GP LLC acquired a new position in Citizens Financial Group during the 4th quarter worth approximately $131,000. Valeo Financial Advisors LLC boosted its holdings in shares of Citizens Financial Group by 128.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 3,148 shares of the bank’s stock valued at $132,000 after buying an additional 1,770 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Citizens Financial Group by 315.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,397 shares of the bank’s stock valued at $142,000 after buying an additional 2,580 shares in the last quarter. HPM Partners LLC acquired a new position in shares of Citizens Financial Group in the 4th quarter valued at $201,000. Finally, James Hambro & Partners acquired a new position in shares of Citizens Financial Group in the 4th quarter valued at $207,000. Institutional investors own 97.67% of the company’s stock.
Several research analysts have recently issued reports on CFG shares. Royal Bank of Canada restated a “hold” rating and issued a $45.00 target price on shares of Citizens Financial Group in a report on Sunday, January 21st. Sanford C. Bernstein set a $52.00 target price on shares of Citizens Financial Group and gave the company a “buy” rating in a report on Monday, January 22nd. ValuEngine upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Finally, Deutsche Bank upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Tuesday, April 3rd. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Citizens Financial Group has an average rating of “Hold” and a consensus price target of $44.36.
Shares of NYSE:CFG opened at $42.40 on Monday. The firm has a market cap of $20.55 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 0.59 and a beta of 1.41. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.68. Citizens Financial Group has a 1-year low of $31.51 and a 1-year high of $48.23.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, April 20th. The bank reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.02. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Citizens Financial Group had a net margin of 26.00% and a return on equity of 7.06%. Citizens Financial Group’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. research analysts expect that Citizens Financial Group will post 3.44 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 16th. Investors of record on Wednesday, May 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Tuesday, May 1st. Citizens Financial Group’s dividend payout ratio is currently 34.11%.
About Citizens Financial Group
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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