Integrated Advisors Network LLC Purchases Shares of 57,387 Citizens Financial Group, Inc. (NYSE:CFG)

Integrated Advisors Network LLC purchased a new stake in Citizens Financial Group, Inc. (NYSE:CFG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 57,387 shares of the bank’s stock, valued at approximately $2,511,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital World Investors boosted its position in Citizens Financial Group by 3.3% in the 4th quarter. Capital World Investors now owns 35,900,115 shares of the bank’s stock valued at $1,570,989,000 after buying an additional 1,131,838 shares during the period. Geode Capital Management LLC boosted its position in Citizens Financial Group by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank’s stock valued at $477,043,000 after buying an additional 124,860 shares during the period. Wellington Management Group LLP boosted its position in Citizens Financial Group by 27.8% in the 4th quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank’s stock valued at $462,547,000 after buying an additional 2,298,040 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in Citizens Financial Group by 20.9% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank’s stock valued at $423,733,000 after buying an additional 1,672,204 shares during the period. Finally, Royal Bank of Canada boosted its position in Citizens Financial Group by 6.4% in the 4th quarter. Royal Bank of Canada now owns 6,247,238 shares of the bank’s stock valued at $273,378,000 after buying an additional 374,850 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $39.61 on Monday. The company’s fifty day moving average price is $38.47 and its 200 day moving average price is $43.02. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $49.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $17.31 billion, a P/E ratio of 13.07, a P/E/G ratio of 0.81 and a beta of 0.74.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. As a group, sell-side analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.68 annualized dividend and a yield of 4.24%. Citizens Financial Group’s dividend payout ratio is currently 53.33%.

Wall Street Analyst Weigh In

Several brokerages have commented on CFG. Morgan Stanley decreased their price target on shares of Citizens Financial Group from $54.00 to $43.00 and set an “equal weight” rating for the company in a research report on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. Stephens decreased their price objective on shares of Citizens Financial Group from $53.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. Citigroup decreased their price objective on shares of Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Keefe, Bruyette & Woods decreased their price objective on shares of Citizens Financial Group from $49.00 to $45.00 and set a “market perform” rating for the company in a research report on Thursday, April 17th. Finally, TD Cowen initiated coverage on shares of Citizens Financial Group in a research report on Thursday, May 15th. They set a “buy” rating and a $57.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $47.50.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.