Breton Hill Capital Ltd. cut its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 26.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,228 shares of the bank’s stock after selling 9,253 shares during the period. Breton Hill Capital Ltd.’s holdings in Citizens Financial Group were worth $936,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CFG. Vanguard Group Inc. boosted its stake in shares of Citizens Financial Group by 5.3% in the first quarter. Vanguard Group Inc. now owns 51,859,836 shares of the bank’s stock worth $1,791,757,000 after buying an additional 2,616,045 shares during the period. BlackRock Inc. boosted its stake in shares of Citizens Financial Group by 1,533.4% in the first quarter. BlackRock Inc. now owns 42,692,103 shares of the bank’s stock worth $1,475,015,000 after buying an additional 40,078,389 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Citizens Financial Group by 2.4% in the first quarter. JPMorgan Chase & Co. now owns 16,827,697 shares of the bank’s stock worth $581,396,000 after buying an additional 391,502 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Citizens Financial Group by 0.9% in the first quarter. TIAA CREF Investment Management LLC now owns 6,613,670 shares of the bank’s stock worth $228,502,000 after buying an additional 58,865 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Citizens Financial Group by 25.3% in the first quarter. AQR Capital Management LLC now owns 5,785,410 shares of the bank’s stock worth $199,886,000 after buying an additional 1,166,959 shares during the period. 96.09% of the stock is owned by institutional investors.

Citizens Financial Group, Inc. (NYSE CFG) opened at 35.62 on Monday. The firm has a 50-day moving average of $35.82 and a 200 day moving average of $35.96. The company has a market capitalization of $18.02 billion, a price-to-earnings ratio of 15.21 and a beta of 1.31. Citizens Financial Group, Inc. has a one year low of $22.86 and a one year high of $39.75.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, July 21st. The bank reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. Citizens Financial Group had a net margin of 19.86% and a return on equity of 6.08%. Citizens Financial Group’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 earnings per share. Equities research analysts predict that Citizens Financial Group, Inc. will post $2.53 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Wednesday, August 2nd will be paid a dividend of $0.18 per share. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Monday, July 31st. Citizens Financial Group’s payout ratio is currently 30.64%.

Citizens Financial Group announced that its Board of Directors has initiated a share buyback plan on Wednesday, June 28th that authorizes the company to buyback $850.00 million in shares. This buyback authorization authorizes the bank to purchase up to 4.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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CFG has been the subject of a number of research reports. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, July 4th. BidaskClub raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Citigroup Inc. reaffirmed a “hold” rating on shares of Citizens Financial Group in a research note on Friday, April 21st. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Citizens Financial Group in a research note on Thursday, June 22nd. Finally, Rafferty Capital Markets reaffirmed a “buy” rating and issued a $40.00 price objective (up previously from $36.00) on shares of Citizens Financial Group in a research note on Monday, April 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $35.19.

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.

Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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