Banque Pictet & Cie SA raised its holdings in Citizens Financial Group (NYSE:CFG) by 7.2% in the 1st quarter, Holdings Channel reports. The firm owned 176,529 shares of the bank’s stock after purchasing an additional 11,910 shares during the quarter. Banque Pictet & Cie SA’s holdings in Citizens Financial Group were worth $7,411,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Korea Investment CORP raised its position in Citizens Financial Group by 5.2% in the 1st quarter. Korea Investment CORP now owns 1,176,269 shares of the bank’s stock valued at $49,380,000 after purchasing an additional 58,211 shares during the last quarter. Teacher Retirement System of Texas raised its position in Citizens Financial Group by 220.7% in the 1st quarter. Teacher Retirement System of Texas now owns 796,155 shares of the bank’s stock valued at $33,423,000 after purchasing an additional 547,922 shares during the last quarter. Timber Hill LLC raised its position in shares of Citizens Financial Group by 156.1% during the first quarter. Timber Hill LLC now owns 13,334 shares of the bank’s stock worth $560,000 after acquiring an additional 8,128 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Citizens Financial Group by 12.7% during the first quarter. LS Investment Advisors LLC now owns 23,325 shares of the bank’s stock worth $979,000 after acquiring an additional 2,622 shares during the last quarter. Finally, Stevens Capital Management LP bought a new stake in shares of Citizens Financial Group during the first quarter worth $1,170,000. Hedge funds and other institutional investors own 97.67% of the company’s stock.
A number of research firms have recently weighed in on CFG. Sanford C. Bernstein set a $52.00 target price on Citizens Financial Group and gave the stock a “buy” rating in a research report on Monday, January 22nd. Royal Bank of Canada restated a “hold” rating and set a $45.00 target price on shares of Citizens Financial Group in a research report on Sunday, January 21st. ValuEngine upgraded Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. BMO Capital Markets dropped their target price on Citizens Financial Group from $56.00 to $52.00 and set an “outperform” rating for the company in a research report on Monday, April 23rd. Finally, Sandler O’Neill upgraded Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Monday, April 23rd. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Citizens Financial Group currently has a consensus rating of “Hold” and a consensus target price of $44.36.
Citizens Financial Group opened at $42.50 on Friday, according to Marketbeat. The stock has a market capitalization of $20.71 billion, a P/E ratio of 16.47, a P/E/G ratio of 0.59 and a beta of 1.41. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.68. Citizens Financial Group has a 12 month low of $42.29 and a 12 month high of $42.72.
Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, April 20th. The bank reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. Citizens Financial Group had a return on equity of 7.06% and a net margin of 26.00%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 earnings per share. equities research analysts predict that Citizens Financial Group will post 3.44 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 16th. Investors of record on Wednesday, May 2nd were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, May 1st. This represents a $0.88 dividend on an annualized basis and a yield of 2.07%. Citizens Financial Group’s dividend payout ratio is presently 34.11%.
About Citizens Financial Group
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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