Legacy Capital Group California Inc. Has $277,000 Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Legacy Capital Group California Inc. lifted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 3.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,638 shares of the bank’s stock after acquiring an additional 392 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Citizens Financial Group were worth $277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of Citizens Financial Group by 4.6% in the 1st 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 in the last quarter. State Street Corp boosted its holdings in shares of Citizens Financial Group by 1.0% in the 1st 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 in the last quarter. Capital World Investors boosted its holdings in shares of Citizens Financial Group by 76.0% in the 1st 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 in the last quarter. Morgan Stanley boosted its holdings in shares of Citizens Financial Group by 18.0% in the 4th 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Citizens Financial Group by 4.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,792,921 shares of the bank’s stock worth $343,242,000 after acquiring an additional 481,250 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $27.77 on Friday. The firm has a market cap of $12.95 billion, a PE ratio of 6.91 and a beta of 1.38. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.83. Citizens Financial Group, Inc. has a 1-year low of $22.77 and a 1-year high of $44.82. The company has a fifty day moving average price of $25.91 and a 200 day moving average price of $27.21.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, October 18th. The bank reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.06). The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $2.04 billion. Citizens Financial Group had a return on equity of 9.60% and a net margin of 17.61%. During the same period in the previous year, the company posted $1.30 earnings per share. Research analysts predict that Citizens Financial Group, Inc. will post 3.64 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were paid a dividend of $0.42 per share. The ex-dividend date was Tuesday, October 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.05%. Citizens Financial Group’s dividend payout ratio is 41.79%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CFG. Morgan Stanley dropped their price objective on shares of Citizens Financial Group from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Thursday, October 19th. Citigroup restated a “neutral” rating and issued a $33.00 price objective on shares of Citizens Financial Group in a research report on Tuesday, September 19th. Royal Bank of Canada dropped their price objective on shares of Citizens Financial Group from $37.00 to $33.00 and set an “outperform” rating for the company in a research report on Tuesday, September 12th. StockNews.com began coverage on shares of Citizens Financial Group in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Stephens restated an “overweight” rating and issued a $36.00 price objective on shares of Citizens Financial Group in a research report on Friday, September 8th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Citizens Financial Group currently has an average rating of “Hold” and a consensus price target of $34.07.

Citizens Financial Group Profile

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.