Kinneret Advisory LLC Purchases New Holdings in Citizens Financial Group Inc (CFG)

Kinneret Advisory LLC purchased a new position in shares of Citizens Financial Group Inc (NYSE:CFG) during the fourth quarter, HoldingsChannel reports. The firm purchased 5,900 shares of the bank’s stock, valued at approximately $175,000.

Several other institutional investors have also bought and sold shares of the business. RKL Wealth Management LLC boosted its holdings in shares of Citizens Financial Group by 0.9% during the 4th quarter. RKL Wealth Management LLC now owns 33,064 shares of the bank’s stock worth $980,000 after buying an additional 310 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Citizens Financial Group by 0.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 85,820 shares of the bank’s stock worth $2,552,000 after purchasing an additional 339 shares in the last quarter. CWM LLC lifted its holdings in shares of Citizens Financial Group by 29.3% in the 4th quarter. CWM LLC now owns 1,536 shares of the bank’s stock worth $46,000 after purchasing an additional 348 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Citizens Financial Group by 1.1% in the 4th quarter. M&T Bank Corp now owns 52,375 shares of the bank’s stock worth $1,558,000 after purchasing an additional 546 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC lifted its holdings in shares of Citizens Financial Group by 7.0% in the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 8,597 shares of the bank’s stock worth $256,000 after purchasing an additional 564 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Shares of NYSE:CFG opened at $35.74 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.72. Citizens Financial Group Inc has a 1-year low of $27.62 and a 1-year high of $45.65. The firm has a market cap of $16.34 billion, a price-to-earnings ratio of 10.04, a P/E/G ratio of 0.54 and a beta of 1.44.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, January 18th. The bank reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.04. Citizens Financial Group had a return on equity of 8.67% and a net margin of 23.20%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period last year, the business earned $0.71 EPS. The business’s revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts forecast that Citizens Financial Group Inc will post 3.88 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Shareholders of record on Thursday, January 31st were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, January 30th. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.27. This represents a $1.28 annualized dividend and a yield of 3.58%. Citizens Financial Group’s dividend payout ratio (DPR) is 35.96%.

A number of equities analysts recently issued reports on CFG shares. Zacks Investment Research cut Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. Citigroup upgraded Citizens Financial Group from a “neutral” rating to a “buy” rating and cut their target price for the stock from $41.00 to $37.00 in a report on Wednesday, January 9th. Royal Bank of Canada upgraded Citizens Financial Group from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 2nd. They noted that the move was a valuation call. Barclays cut their target price on Citizens Financial Group from $51.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 2nd. Finally, Credit Suisse Group cut their target price on Citizens Financial Group from $46.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, December 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $40.91.

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Citizens Financial Group Company Profile

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

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