Mirae Asset Global Investments Co. Ltd. Has $3.44 Million Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Mirae Asset Global Investments Co. Ltd. boosted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 61.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 103,706 shares of the bank’s stock after purchasing an additional 39,529 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Citizens Financial Group were worth $3,437,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC lifted its stake in Citizens Financial Group by 100.8% in the 3rd quarter. Lindbrook Capital LLC now owns 988 shares of the bank’s stock valued at $26,000 after purchasing an additional 496 shares during the last quarter. Resurgent Financial Advisors LLC acquired a new stake in Citizens Financial Group in the 4th quarter valued at about $28,000. Clear Street Markets LLC lifted its stake in Citizens Financial Group by 93.6% in the 1st quarter. Clear Street Markets LLC now owns 964 shares of the bank’s stock valued at $29,000 after purchasing an additional 466 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in Citizens Financial Group in the 3rd quarter valued at about $40,000. Finally, CVA Family Office LLC acquired a new stake in Citizens Financial Group in the 4th quarter valued at about $40,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CFG has been the subject of several research reports. Wedbush cut their price objective on shares of Citizens Financial Group from $36.00 to $35.00 and set a “neutral” rating for the company 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 research report on Tuesday, December 26th. Jefferies Financial Group raised their price objective on shares of Citizens Financial Group from $35.00 to $36.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods raised their price objective on shares of Citizens Financial Group from $35.00 to $39.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Finally, Barclays downgraded shares of Citizens Financial Group from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $38.00 to $40.00 in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Citizens Financial Group has a consensus rating of “Hold” and an average price target of $35.88.

Citizens Financial Group Stock Performance

Shares of NYSE:CFG opened at $33.00 on Thursday. The company’s 50 day simple moving average is $33.25 and its 200 day simple moving average is $30.56. The stock has a market capitalization of $15.13 billion, a price-to-earnings ratio of 10.61 and a beta of 1.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.88. Citizens Financial Group, Inc. has a 1 year low of $22.77 and a 1 year high of $36.38.

Citizens Financial Group (NYSE:CFG) last posted its 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). The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2 billion. Citizens Financial Group had a return on equity of 7.40% and a net margin of 13.19%. The business’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 EPS. As a group, research analysts predict that Citizens Financial Group, Inc. will post 3.23 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.09%. Citizens Financial Group’s payout ratio is presently 54.02%.

Insiders Place Their Bets

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

Citizens Financial Group Profile

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.