ProShare Advisors LLC Buys 5,491 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

ProShare Advisors LLC increased its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,595 shares of the bank’s stock after buying an additional 5,491 shares during the period. ProShare Advisors LLC’s holdings in Citizens Financial Group were worth $4,883,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CFG. Quantinno Capital Management LP increased its position in shares of Citizens Financial Group by 14.7% during the fourth quarter. Quantinno Capital Management LP now owns 219,817 shares of the bank’s stock worth $9,619,000 after acquiring an additional 28,217 shares during the period. Pathstone Holdings LLC grew its position in shares of Citizens Financial Group by 9.9% during the 4th quarter. Pathstone Holdings LLC now owns 169,900 shares of the bank’s stock worth $7,432,000 after buying an additional 15,354 shares in the last quarter. Mufg Securities Americas Inc. bought a new position in shares of Citizens Financial Group during the 4th quarter worth $319,000. NorthRock Partners LLC bought a new position in shares of Citizens Financial Group during the 4th quarter worth $235,000. Finally, Nuveen Asset Management LLC grew its position in shares of Citizens Financial Group by 1.5% during the 4th quarter. Nuveen Asset Management LLC now owns 993,788 shares of the bank’s stock worth $43,488,000 after buying an additional 14,421 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Morgan Stanley dropped their price target on Citizens Financial Group from $54.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. TD Cowen began coverage on shares of Citizens Financial Group in a research report on Thursday, May 15th. They issued a “buy” rating and a $57.00 price target for the company. Argus set a $45.00 price target on shares of Citizens Financial Group in a research report on Thursday, April 24th. Raymond James reaffirmed a “strong-buy” rating and issued a $48.00 price target (down previously from $58.00) on shares of Citizens Financial Group in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. reduced their price target on Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $46.78.

Citizens Financial Group Stock Down 0.6%

CFG stock opened at $41.56 on Tuesday. The firm has a 50 day moving average of $38.51 and a 200 day moving average of $43.15. The stock has a market capitalization of $18.17 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $49.25.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. Sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were paid a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a yield of 4.04%. Citizens Financial Group’s dividend payout ratio (DPR) is 53.33%.

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.