Ontario Teachers Pension Plan Board trimmed its holdings in Citizens Financial Group Inc (NYSE:CFG) by 41.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,880 shares of the bank’s stock after selling 30,949 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Citizens Financial Group were worth $825,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC raised its holdings in shares of Citizens Financial Group by 39.0% in the fourth quarter. AQR Capital Management LLC now owns 4,825,367 shares of the bank’s stock worth $195,958,000 after buying an additional 1,353,217 shares during the period. Foundry Partners LLC raised its holdings in shares of Citizens Financial Group by 0.7% in the fourth quarter. Foundry Partners LLC now owns 582,721 shares of the bank’s stock worth $23,664,000 after buying an additional 4,271 shares during the period. Lloyd Advisory Services LLC. purchased a new stake in shares of Citizens Financial Group in the fourth quarter worth approximately $37,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Citizens Financial Group by 13.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,945 shares of the bank’s stock worth $607,000 after buying an additional 1,795 shares during the period. Finally, Savior LLC purchased a new stake in shares of Citizens Financial Group in the fourth quarter worth approximately $26,000. Hedge funds and other institutional investors own 95.62% of the company’s stock.
Shares of NYSE CFG opened at $21.35 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $9.11 billion, a PE ratio of 7.29, a price-to-earnings-growth ratio of 4.64 and a beta of 1.84. The stock’s fifty day simple moving average is $20.40 and its two-hundred day simple moving average is $31.72. Citizens Financial Group Inc has a 12-month low of $14.12 and a 12-month high of $41.29.
Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, April 17th. The bank reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.17). The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.61 billion. Citizens Financial Group had a net margin of 17.23% and a return on equity of 6.89%. During the same period last year, the business posted $0.92 EPS. On average, equities analysts predict that Citizens Financial Group Inc will post 0.8 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Wednesday, April 29th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, April 28th. This represents a $1.56 annualized dividend and a yield of 7.31%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 40.63%.
Several equities research analysts have recently weighed in on the company. UBS Group upgraded Citizens Financial Group from a “neutral” rating to a “buy” rating in a report on Monday, May 4th. Zacks Investment Research upgraded Citizens Financial Group from a “sell” rating to a “hold” rating and set a $19.00 price objective on the stock in a report on Thursday, April 30th. Wedbush raised their price objective on Citizens Financial Group from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Compass Point initiated coverage on Citizens Financial Group in a report on Tuesday, April 14th. They set a “neutral” rating on the stock. Finally, Morgan Stanley reduced their price objective on Citizens Financial Group from $35.00 to $32.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $33.95.
In other Citizens Financial Group news, Director Shivan S. Subramaniam acquired 5,000 shares of the stock in a transaction dated Monday, March 2nd. The stock was purchased at an average price of $31.15 per share, with a total value of $155,750.00. Also, Director Shivan S. Subramaniam acquired 4,000 shares of the stock in a transaction dated Wednesday, March 11th. The stock was acquired at an average cost of $24.62 per share, with a total value of $98,480.00. Following the transaction, the director now directly owns 47,924 shares in the company, valued at $1,179,888.88. The disclosure for this purchase can be found here. Insiders have acquired a total of 24,165 shares of company stock worth $562,136 in the last ninety days. Insiders own 0.44% of the company’s stock.
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 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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