ZWJ Investment Counsel Inc. lifted its position in shares of Citizens Financial Group Inc (NYSE:CFG) by 3.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 393,951 shares of the bank’s stock after acquiring an additional 14,624 shares during the period. ZWJ Investment Counsel Inc. owned 0.09% of Citizens Financial Group worth $13,930,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the company. Greenleaf Trust lifted its holdings in Citizens Financial Group by 5.1% in the second quarter. Greenleaf Trust now owns 8,248 shares of the bank’s stock worth $292,000 after purchasing an additional 397 shares during the period. Convergence Investment Partners LLC acquired a new stake in Citizens Financial Group in the 2nd quarter valued at about $584,000. World Asset Management Inc lifted its holdings in Citizens Financial Group by 2.3% in the 2nd quarter. World Asset Management Inc now owns 30,487 shares of the bank’s stock valued at $1,078,000 after acquiring an additional 696 shares during the last quarter. Huntington National Bank lifted its holdings in Citizens Financial Group by 18.1% in the 2nd quarter. Huntington National Bank now owns 2,538 shares of the bank’s stock valued at $90,000 after acquiring an additional 389 shares during the last quarter. Finally, WBI Investments Inc. acquired a new stake in Citizens Financial Group in the 2nd quarter valued at about $599,000. Institutional investors and hedge funds own 95.34% of the company’s stock.
NYSE CFG traded down $0.17 on Friday, hitting $35.51. 4,264,210 shares of the company were exchanged, compared to its average volume of 5,006,053. The company’s 50 day moving average price is $35.74. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The company has a market cap of $16.35 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 2.09 and a beta of 1.45. Citizens Financial Group Inc has a twelve month low of $27.62 and a twelve month high of $41.76.
Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, July 19th. The bank reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.02. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion. Citizens Financial Group had a return on equity of 8.94% and a net margin of 22.61%. During the same quarter in the previous year, the company earned $0.88 EPS. Equities research analysts expect that Citizens Financial Group Inc will post 3.83 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 4.06%. The ex-dividend date is Tuesday, July 30th. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.32. Citizens Financial Group’s payout ratio is presently 40.45%.
CFG has been the subject of a number of research analyst reports. ValuEngine raised shares of Citizens Financial Group from a “strong sell” rating to a “sell” rating in a report on Friday, April 19th. UBS Group downgraded shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $40.00 to $38.00 in a report on Wednesday, July 10th. Zacks Investment Research downgraded shares of Citizens Financial Group from a “hold” rating to a “sell” rating and set a $37.00 price target for the company. in a report on Friday, July 12th. Wedbush set a $39.00 price target on shares of Citizens Financial Group and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Argus raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $40.42.
Citizens Financial Group Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides 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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