SPX Equities Gestao de Recursos Ltda increased its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 111.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 788,671 shares of the bank’s stock after buying an additional 416,000 shares during the quarter. Citizens Financial Group accounts for about 6.6% of SPX Equities Gestao de Recursos Ltda’s holdings, making the stock its 5th biggest holding. SPX Equities Gestao de Recursos Ltda owned approximately 0.17% of Citizens Financial Group worth $23,447,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Schroder Investment Management Group increased its stake in shares of Citizens Financial Group by 3.7% in the second quarter. Schroder Investment Management Group now owns 2,063,638 shares of the bank’s stock valued at $81,534,000 after buying an additional 73,374 shares during the period. Morgan Stanley increased its stake in shares of Citizens Financial Group by 28.6% in the third quarter. Morgan Stanley now owns 2,927,578 shares of the bank’s stock valued at $112,917,000 after buying an additional 650,344 shares during the period. HRT Financial LLC acquired a new stake in shares of Citizens Financial Group in the third quarter valued at about $1,343,000. Gradient Investments LLC bought a new stake in shares of Citizens Financial Group during the 3rd quarter valued at about $8,917,000. Finally, AXA boosted its position in shares of Citizens Financial Group by 20.5% during the 3rd quarter. AXA now owns 167,777 shares of the bank’s stock valued at $6,471,000 after purchasing an additional 28,600 shares in the last quarter. 96.30% of the stock is owned by institutional investors and hedge funds.

NYSE:CFG traded down $0.23 on Wednesday, hitting $34.95. The stock had a trading volume of 403,187 shares, compared to its average volume of 5,026,927. Citizens Financial Group Inc has a 52 week low of $27.62 and a 52 week high of $48.23. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.98 and a current ratio of 0.99. The firm has a market cap of $16.58 billion, a P/E ratio of 9.82, a PEG ratio of 0.60 and a beta of 1.37.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, January 18th. The bank reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.04. Citizens Financial Group had a return on equity of 8.67% and a net margin of 23.20%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the company earned $0.71 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts forecast that Citizens Financial Group Inc will post 3.84 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Stockholders of record on Thursday, January 31st will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Wednesday, January 30th. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.27. Citizens Financial Group’s dividend payout ratio (DPR) is currently 30.34%.

Several equities research analysts recently commented on the company. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, November 27th. Macquarie upgraded Citizens Financial Group from an “underperform” rating to a “neutral” rating and set a $38.00 target price on the stock in a research report on Monday, October 22nd. Morgan Stanley cut their target price on Citizens Financial Group from $48.00 to $44.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 11th. BMO Capital Markets cut their target price on Citizens Financial Group from $48.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, October 22nd. Finally, Royal Bank of Canada upgraded Citizens Financial Group from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 2nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $40.91.

In related news, Director Shivan S. Subramaniam bought 3,000 shares of the company’s stock in a transaction dated Wednesday, November 21st. The shares were bought at an average price of $35.32 per share, for a total transaction of $105,960.00. Following the completion of the acquisition, the director now directly owns 38,963 shares of the company’s stock, valued at $1,376,173.16. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.22% of the stock is owned by company insiders.

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Citizens Financial Group Profile

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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