Raymond James & Associates Buys 62,207 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Raymond James & Associates boosted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFGFree Report) by 19.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 377,711 shares of the bank’s stock after purchasing an additional 62,207 shares during the period. Raymond James & Associates owned about 0.08% of Citizens Financial Group worth $12,517,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Citizens Financial Group by 4.6% during the 1st quarter. BlackRock Inc. now owns 57,592,192 shares of the bank’s stock valued at $1,749,075,000 after acquiring an additional 2,540,392 shares during the period. State Street Corp raised its holdings in shares of Citizens Financial Group by 1.0% during 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 lifted its position 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 valued at $861,383,000 after purchasing an additional 8,203,831 shares during the last quarter. Morgan Stanley lifted its stake 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 valued at $720,392,000 after purchasing an additional 2,785,751 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in Citizens Financial Group by 5.7% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 11,594,481 shares of the bank’s stock worth $310,732,000 after buying an additional 621,715 shares during the period. Institutional investors own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

CFG has been the topic of a number of recent research reports. Wedbush dropped their price target on Citizens Financial Group from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, January 18th. TheStreet upgraded shares of Citizens Financial Group from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. Royal Bank of Canada lifted their price objective on shares of Citizens Financial Group from $33.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. The Goldman Sachs Group increased their price objective on shares of Citizens Financial Group from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, December 18th. Finally, Morgan Stanley raised their target price on Citizens Financial Group from $31.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, Citizens Financial Group has an average rating of “Hold” and an average target price of $35.63.

Check Out Our Latest Research Report on Citizens Financial Group

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, insider Craig Jack Read sold 4,508 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total value of $151,198.32. Following the completion of the sale, the insider now owns 43,885 shares in the company, valued at approximately $1,471,902.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.62% of the company’s stock.

Citizens Financial Group Stock Performance

CFG opened at $34.91 on Thursday. The firm’s fifty day simple moving average is $33.01 and its two-hundred day simple moving average is $30.04. Citizens Financial Group, Inc. has a 52-week low of $22.77 and a 52-week high of $36.38. The company has a market cap of $16.00 billion, a price-to-earnings ratio of 11.23 and a beta of 1.38. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

Citizens Financial Group (NYSE:CFGGet Free Report) last issued its quarterly earnings results on Wednesday, January 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.26). Citizens Financial Group had a net margin of 13.19% and a return on equity of 7.40%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the business posted $1.25 earnings per share. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. Equities analysts anticipate that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.42 per share. The ex-dividend date was Tuesday, January 30th. This represents a $1.68 annualized dividend and a yield of 4.81%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 54.02%.

Citizens Financial Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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