3,353 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Acquired by Planned Solutions Inc.

Planned Solutions Inc. acquired a new position in Citizens Financial Group, Inc. (NYSE:CFG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,353 shares of the bank’s stock, valued at approximately $111,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Citizens Financial Group by 4.9% in the 2nd quarter. BlackRock Inc. now owns 60,391,319 shares of the bank’s stock worth $1,575,006,000 after buying an additional 2,799,127 shares in the last quarter. 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 valued at $776,775,000 after purchasing an additional 241,869 shares in the last quarter. Capital World Investors raised its holdings in shares of Citizens Financial Group by 76.0% during the 1st 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 in the last quarter. Morgan Stanley raised its holdings in shares of Citizens Financial Group by 18.0% during 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 in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in shares of Citizens Financial Group by 5.7% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 11,594,481 shares of the bank’s stock valued at $310,732,000 after purchasing an additional 621,715 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Trading Up 2.9 %

Shares of CFG stock opened at $35.84 on Thursday. Citizens Financial Group, Inc. has a 12-month low of $22.77 and a 12-month high of $36.18. The company has a market capitalization of $16.43 billion, a P/E ratio of 11.52 and a beta of 1.36. The firm has a 50-day moving average price of $32.67 and a 200 day moving average price of $29.76. 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:CFG) last announced its quarterly earnings results on Wednesday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the business earned $1.25 earnings per share. The company’s revenue for the quarter was down 9.2% on a year-over-year basis. Research analysts forecast that Citizens Financial Group, Inc. will post 3.21 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend was Tuesday, January 30th. Citizens Financial Group’s dividend payout ratio is presently 54.02%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CFG shares. Wedbush cut their price target on shares of Citizens Financial Group from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, January 18th. Barclays downgraded shares of Citizens Financial Group from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $38.00 to $40.00 in a report on Tuesday, January 2nd. StockNews.com lowered shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Keefe, Bruyette & Woods raised their price target on shares of Citizens Financial Group from $33.00 to $35.00 and gave the stock a “market perform” rating in a research report on Thursday, January 18th. Finally, Royal Bank of Canada raised their price target on shares of Citizens Financial Group from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $35.00.

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 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 transaction, the insider now directly owns 43,885 shares of the company’s stock, valued at $1,471,902.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.62% of the company’s stock.

About Citizens Financial Group

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.