Bayesian Capital Management LP boosted its holdings in Citizens Financial Group Inc (NYSE:CFG) by 138.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,300 shares of the bank’s stock after buying an additional 8,300 shares during the period. Bayesian Capital Management LP’s holdings in Citizens Financial Group were worth $600,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Beck Capital Management LLC acquired a new stake in Citizens Financial Group in the first quarter worth $2,754,000. Three Peaks Capital Management LLC acquired a new stake in Citizens Financial Group in the first quarter worth $2,912,000. Nuveen Asset Management LLC raised its holdings in Citizens Financial Group by 347.9% in the first quarter. Nuveen Asset Management LLC now owns 59,210 shares of the bank’s stock worth $2,486,000 after purchasing an additional 45,992 shares during the period. Rampart Investment Management Company LLC raised its holdings in Citizens Financial Group by 283.6% in the first quarter. Rampart Investment Management Company LLC now owns 25,978 shares of the bank’s stock worth $1,091,000 after purchasing an additional 19,205 shares during the period. Finally, Seven Eight Capital LP acquired a new stake in Citizens Financial Group in the first quarter worth $626,000. Institutional investors and hedge funds own 95.40% of the company’s stock.
Shares of CFG stock opened at $41.40 on Friday. 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 Inc has a 12-month low of $31.51 and a 12-month high of $48.23. The firm has a market cap of $20.29 billion, a PE ratio of 16.05, a P/E/G ratio of 0.58 and a beta of 1.39.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, April 20th. The bank reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.02. Citizens Financial Group had a net margin of 26.00% and a return on equity of 7.06%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. research analysts anticipate that Citizens Financial Group Inc will post 3.45 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 16th. Stockholders of record on Wednesday, May 2nd were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Tuesday, May 1st. Citizens Financial Group’s dividend payout ratio is 34.11%.
In other news, insider Randall J. Black sold 792 shares of the stock in a transaction on Tuesday, June 5th. The shares were sold at an average price of $41.49, for a total transaction of $32,860.08. Following the completion of the sale, the insider now owns 34,258 shares of the company’s stock, valued at $1,421,364.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.22% of the stock is owned by corporate insiders.
Several research firms have weighed in on CFG. Morgan Stanley increased their target price on shares of Citizens Financial Group from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, May 31st. Citigroup reiterated a “hold” rating on shares of Citizens Financial Group in a report on Friday, April 20th. Zacks Investment Research lowered shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Robert W. Baird upgraded shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $46.00 target price on the stock in a report on Wednesday, May 30th. Finally, BMO Capital Markets cut their target price on shares of Citizens Financial Group from $56.00 to $52.00 and set an “outperform” rating on the stock in a report on Monday, April 23rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $45.82.
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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