Citizens Financial Group, Inc. (NYSE:CFG) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group boosted its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 8.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 591,620 shares of the bank’s stock after buying an additional 45,093 shares during the quarter. Schroder Investment Management Group owned approximately 0.13% of Citizens Financial Group worth $25,771,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CFG. Intrust Bank NA boosted its stake in shares of Citizens Financial Group by 11.3% in the fourth quarter. Intrust Bank NA now owns 43,456 shares of the bank’s stock worth $1,902,000 after acquiring an additional 4,399 shares during the last quarter. Allstate Corp acquired a new stake in Citizens Financial Group during the 4th quarter worth $585,000. Orion Portfolio Solutions LLC grew its holdings in shares of Citizens Financial Group by 6.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 41,547 shares of the bank’s stock worth $1,818,000 after buying an additional 2,561 shares in the last quarter. Pictet Asset Management Holding SA raised its position in shares of Citizens Financial Group by 10.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 278,000 shares of the bank’s stock valued at $12,165,000 after buying an additional 25,271 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Citizens Financial Group by 0.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 139,230 shares of the bank’s stock worth $6,093,000 after buying an additional 897 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $41.66 on Thursday. The stock’s 50-day simple moving average is $44.26 and its 200-day simple moving average is $44.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $18.21 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. The company’s revenue was down .1% compared to the same quarter last year. As a group, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.03%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Analysts Set New Price Targets

A number of research firms have weighed in on CFG. Citigroup decreased their target price on shares of Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Stephens reissued an “overweight” rating and set a $53.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods raised their target price on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 21st. Raymond James reissued a “strong-buy” rating and set a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Finally, Morgan Stanley reduced their target price on shares of Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Citizens Financial Group presently has an average rating of “Moderate Buy” and an average target price of $48.67.

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.