Meeder Advisory Services Inc. Has $748,000 Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Meeder Advisory Services Inc. boosted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 23.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,090 shares of the bank’s stock after buying an additional 3,266 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Citizens Financial Group were worth $748,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its holdings in Citizens Financial Group by 6.7% during the third quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock valued at $1,060,689,000 after acquiring an additional 1,615,144 shares during the period. Geode Capital Management LLC boosted its stake in Citizens Financial Group by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank’s stock valued at $477,043,000 after purchasing an additional 124,860 shares during the period. Wellington Management Group LLP grew its holdings in Citizens Financial Group by 27.8% in the 4th quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank’s stock valued at $462,547,000 after buying an additional 2,298,040 shares during the last quarter. Norges Bank bought a new position in Citizens Financial Group in the 4th quarter worth approximately $243,431,000. Finally, Nordea Investment Management AB lifted its holdings in shares of Citizens Financial Group by 19.3% during the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock worth $217,781,000 after buying an additional 805,758 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 13.1 %

Shares of NYSE:CFG opened at $36.22 on Friday. The company has a market capitalization of $15.83 billion, a PE ratio of 11.95, a P/E/G ratio of 0.81 and a beta of 0.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The company’s fifty day moving average is $44.04 and its 200-day moving average is $44.10. Citizens Financial Group, Inc. has a 52 week low of $32.06 and a 52 week high of $49.25.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. Equities research analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 4.64%. Citizens Financial Group’s dividend payout ratio is 55.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Stephens restated an “overweight” rating and set a $53.00 price objective on shares of Citizens Financial Group in a report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their target price 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. Citigroup lowered their price target on Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Finally, Barclays raised their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $49.06.

Citizens Financial Group Company Profile

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.