Prudential PLC Buys 3,560 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Prudential PLC raised its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 12.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,616 shares of the bank’s stock after purchasing an additional 3,560 shares during the period. Prudential PLC’s holdings in Citizens Financial Group were worth $1,427,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new stake in Citizens Financial Group in the 4th quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Citizens Financial Group during the fourth quarter worth about $28,000. Sierra Ocean LLC bought a new stake in shares of Citizens Financial Group in the fourth quarter valued at approximately $47,000. Legacy Investment Solutions LLC bought a new stake in shares of Citizens Financial Group in the third quarter valued at approximately $48,000. Finally, Duncker Streett & Co. Inc. purchased a new stake in shares of Citizens Financial Group during the 4th quarter valued at approximately $51,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stephens reissued an “overweight” rating and set a $53.00 target price on shares of Citizens Financial Group in a report on Wednesday, January 29th. Raymond James reissued a “strong-buy” rating and set a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Compass Point upped their price target on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. reduced their price objective on shares of Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Barclays raised their price target on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.06.

Citizens Financial Group Trading Down 5.4 %

NYSE:CFG opened at $34.28 on Monday. The firm has a market capitalization of $14.98 billion, a P/E ratio of 11.31, a P/E/G ratio of 0.81 and a beta of 0.81. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average of $43.78 and a 200 day moving average of $44.10. Citizens Financial Group, Inc. has a 52 week low of $31.51 and a 52 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 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 earnings per share. On average, research analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.90%. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

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.