Banque Pictet & Cie SA Purchases 11,910 Shares of Citizens Financial Group (CFG)

Banque Pictet & Cie SA lifted its position in shares of Citizens Financial Group (NYSE:CFG) by 7.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,529 shares of the bank’s stock after purchasing an additional 11,910 shares during the quarter. Banque Pictet & Cie SA’s holdings in Citizens Financial Group were worth $7,411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Lazard Asset Management LLC boosted its stake in Citizens Financial Group by 142.4% in the 4th quarter. Lazard Asset Management LLC now owns 9,027,728 shares of the bank’s stock valued at $378,984,000 after buying an additional 5,303,357 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Citizens Financial Group by 1.7% in the 4th quarter. TIAA CREF Investment Management LLC now owns 6,472,422 shares of the bank’s stock valued at $271,712,000 after buying an additional 108,354 shares in the last quarter. LSV Asset Management boosted its stake in Citizens Financial Group by 44.8% in the 1st quarter. LSV Asset Management now owns 4,951,648 shares of the bank’s stock valued at $207,870,000 after buying an additional 1,531,800 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in Citizens Financial Group by 165.0% in the 4th quarter. Allianz Asset Management GmbH now owns 4,630,564 shares of the bank’s stock valued at $194,390,000 after buying an additional 2,883,422 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in Citizens Financial Group by 6.6% in the 4th quarter. Teachers Advisors LLC now owns 3,759,299 shares of the bank’s stock valued at $157,815,000 after buying an additional 232,942 shares in the last quarter. 97.67% of the stock is currently owned by institutional investors.

Shares of Citizens Financial Group opened at $42.50 on Friday, according to Marketbeat.com. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.68. Citizens Financial Group has a 52-week low of $42.29 and a 52-week high of $42.72. The firm has a market capitalization of $20.71 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 0.59 and a beta of 1.41.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, April 20th. The bank reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.02. Citizens Financial Group had a return on equity of 7.06% and a net margin of 26.00%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. equities research analysts forecast that Citizens Financial Group will post 3.44 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 16th. Shareholders of record on Wednesday, May 2nd were given a $0.22 dividend. The ex-dividend date was Tuesday, May 1st. This represents a $0.88 annualized dividend and a yield of 2.07%. Citizens Financial Group’s payout ratio is 34.11%.

CFG has been the topic of several recent analyst reports. Zacks Investment Research lowered Citizens Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $45.00 price target on shares of Citizens Financial Group in a research note on Sunday, January 21st. Citigroup decreased their price target on Citizens Financial Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, April 9th. ValuEngine raised Citizens Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Deutsche Bank raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Tuesday, April 3rd. Four research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $44.36.

Citizens Financial Group Company 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.

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

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