Schroder Investment Management Group grew its position in Citizens Financial Group Inc (NYSE:CFG) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,548,970 shares of the bank’s stock after acquiring an additional 6,915 shares during the period. Schroder Investment Management Group’s holdings in Citizens Financial Group were worth $65,026,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Macquarie Group Ltd. lifted its stake in shares of Citizens Financial Group by 17.7% during the 2nd quarter. Macquarie Group Ltd. now owns 20,600 shares of the bank’s stock worth $735,000 after buying an additional 3,100 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Citizens Financial Group during the 2nd quarter worth about $466,000. Eqis Capital Management Inc. lifted its stake in shares of Citizens Financial Group by 20.4% during the 3rd quarter. Eqis Capital Management Inc. now owns 9,470 shares of the bank’s stock worth $359,000 after buying an additional 1,607 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Citizens Financial Group during the 3rd quarter worth about $16,109,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Citizens Financial Group by 2.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 594,163 shares of the bank’s stock worth $22,503,000 after buying an additional 12,665 shares during the last quarter. 97.50% of the stock is owned by institutional investors.
In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of Citizens Financial Group stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $40.31, for a total value of $161,240.00. Following the completion of the sale, the director now owns 12,917 shares in the company, valued at approximately $520,684.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by insiders.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, January 19th. The bank reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. Citizens Financial Group had a net margin of 25.60% and a return on equity of 6.73%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the company earned $0.55 EPS. The business’s revenue was up 8.9% on a year-over-year basis. equities analysts expect that Citizens Financial Group Inc will post 3.36 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were paid a $0.22 dividend. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.88 annualized dividend and a yield of 1.92%. Citizens Financial Group’s payout ratio is 26.91%.
A number of analysts have recently issued reports on the stock. Sanford C. Bernstein set a $52.00 target price on shares of Citizens Financial Group and gave the stock a “buy” rating in a research note 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 note on Sunday, January 21st. Barclays raised their target price on shares of Citizens Financial Group from $41.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. BMO Capital Markets upgraded shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $40.00 to $39.00 in a research note on Tuesday, December 19th. Finally, Morgan Stanley raised their target price on shares of Citizens Financial Group from $43.00 to $49.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. Citizens Financial Group currently has a consensus rating of “Hold” and a consensus target price of $42.36.
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Citizens Financial Group Company Profile
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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