Commonwealth Equity Services LLC grew its position in shares of Citizens Financial Group Inc (NYSE:CFG) by 146.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,775 shares of the bank’s stock after purchasing an additional 42,084 shares during the period. Commonwealth Equity Services LLC’s holdings in Citizens Financial Group were worth $2,753,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. IFM Investors Pty Ltd lifted its holdings in shares of Citizens Financial Group by 8.1% in the 1st quarter. IFM Investors Pty Ltd now owns 16,234 shares of the bank’s stock valued at $682,000 after acquiring an additional 1,220 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Citizens Financial Group by 2.1% in the 2nd quarter. Amalgamated Bank now owns 62,504 shares of the bank’s stock valued at $2,431,000 after acquiring an additional 1,276 shares during the last quarter. Intrust Bank NA lifted its holdings in shares of Citizens Financial Group by 13.5% in the 1st quarter. Intrust Bank NA now owns 12,189 shares of the bank’s stock valued at $511,000 after acquiring an additional 1,454 shares during the last quarter. Sentry Investment Management LLC lifted its holdings in shares of Citizens Financial Group by 4.6% in the 1st quarter. Sentry Investment Management LLC now owns 35,980 shares of the bank’s stock valued at $1,510,000 after acquiring an additional 1,584 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Citizens Financial Group by 23.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 8,608 shares of the bank’s stock valued at $335,000 after acquiring an additional 1,614 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Shares of NYSE CFG opened at $39.84 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $19.17 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 0.54 and a beta of 1.37. Citizens Financial Group Inc has a 1 year low of $31.51 and a 1 year high of $48.23.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, July 20th. The bank reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.02. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Citizens Financial Group had a net margin of 26.72% and a return on equity of 7.59%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 earnings per share. sell-side analysts predict that Citizens Financial Group Inc will post 3.49 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 1st will be paid a $0.27 dividend. The ex-dividend date is Tuesday, July 31st. This represents a $1.08 annualized dividend and a yield of 2.71%. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.22. Citizens Financial Group’s dividend payout ratio (DPR) is presently 41.86%.

CFG has been the subject of a number of analyst reports. Sandler O’Neill raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Monday, April 23rd. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Friday, June 1st. ValuEngine raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Monday, July 16th. Citigroup reaffirmed a “hold” rating on shares of Citizens Financial Group in a report on Friday, April 20th. Finally, Robert W. Baird raised shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $46.00 price target for the company in a report on Wednesday, May 30th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $46.40.

In other Citizens Financial Group news, insider Randall J. Black sold 792 shares of the firm’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $41.49, for a total value of $32,860.08. Following the completion of the sale, the insider now owns 34,258 shares of the company’s stock, valued at $1,421,364.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.22% of the stock is owned by company insiders.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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

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