Citizens Financial Group, Inc. (NYSE:CFG) Shares Purchased by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC grew its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 32.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 58,539 shares of the bank’s stock after acquiring an additional 14,369 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in Citizens Financial Group were worth $1,527,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Citizens Financial Group by 4.6% during the first quarter. BlackRock Inc. now owns 57,592,192 shares of the bank’s stock worth $1,749,075,000 after acquiring an additional 2,540,392 shares during the last quarter. State Street Corp increased its stake in Citizens Financial Group by 1.0% during the first quarter. State Street Corp now owns 25,577,041 shares of the bank’s stock worth $776,775,000 after acquiring an additional 241,869 shares during the last quarter. Capital World Investors increased its stake in Citizens Financial Group by 76.0% during the first quarter. Capital World Investors now owns 19,002,482 shares of the bank’s stock worth $861,383,000 after acquiring an additional 8,203,831 shares during the last quarter. Morgan Stanley increased its stake in Citizens Financial Group by 18.0% during the fourth quarter. Morgan Stanley now owns 18,297,989 shares of the bank’s stock worth $720,392,000 after acquiring an additional 2,785,751 shares during the last quarter. Finally, Amundi increased its stake in Citizens Financial Group by 6.7% during the fourth quarter. Amundi now owns 14,607,488 shares of the bank’s stock worth $605,708,000 after acquiring an additional 918,694 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. TheStreet lowered Citizens Financial Group from a “b-” rating to a “c+” rating in a research note on Tuesday, June 20th. Royal Bank of Canada lowered their target price on Citizens Financial Group from $37.00 to $33.00 and set an “outperform” rating for the company in a research note on Tuesday, September 12th. Wedbush increased their target price on Citizens Financial Group from $28.00 to $34.00 and gave the company a “neutral” rating in a research note on Thursday, July 20th. The Goldman Sachs Group increased their target price on Citizens Financial Group from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Finally, Stephens reiterated an “overweight” rating and issued a $36.00 target price on shares of Citizens Financial Group in a research note on Friday, September 8th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Citizens Financial Group Trading Down 1.1 %

NYSE:CFG opened at $27.96 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $29.14 and its two-hundred day moving average is $29.08. Citizens Financial Group, Inc. has a 52 week low of $23.37 and a 52 week high of $44.82. The company has a market cap of $13.21 billion, a PE ratio of 6.35 and a beta of 1.35.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, July 19th. The bank reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). Citizens Financial Group had a return on equity of 10.68% and a net margin of 20.41%. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the business earned $1.14 EPS. On average, analysts predict that Citizens Financial Group, Inc. will post 3.82 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 16th. Investors of record on Wednesday, August 2nd were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 6.01%. The ex-dividend date of this dividend was Tuesday, August 1st. Citizens Financial Group’s dividend payout ratio (DPR) is 38.18%.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association 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.