UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Citizens Financial Group, Inc. (NYSE:CFG) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,378,632 shares of the bank’s stock after acquiring an additional 233,997 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Citizens Financial Group were worth $147,849,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CFG. Woodline Partners LP bought a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $1,158,000. Vident Advisory LLC boosted its holdings in Citizens Financial Group by 71.1% in the fourth quarter. Vident Advisory LLC now owns 19,092 shares of the bank’s stock valued at $836,000 after acquiring an additional 7,933 shares in the last quarter. WBI Investments LLC increased its position in Citizens Financial Group by 18.3% during the 4th quarter. WBI Investments LLC now owns 22,615 shares of the bank’s stock valued at $990,000 after purchasing an additional 3,506 shares during the period. Triglav Skladi D.O.O. bought a new position in Citizens Financial Group in the 4th quarter worth $9,531,000. Finally, True Wealth Design LLC boosted its stake in shares of Citizens Financial Group by 10.5% during the 4th quarter. True Wealth Design LLC now owns 2,890 shares of the bank’s stock valued at $126,000 after purchasing an additional 275 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Stock Down 0.4%

Citizens Financial Group stock opened at $39.61 on Friday. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $49.25. The stock has a fifty day simple moving average of $38.47 and a two-hundred day simple moving average of $43.08. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market cap of $17.31 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 0.81 and a beta of 0.74.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Equities analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were paid a $0.42 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.24%. Citizens Financial Group’s dividend payout ratio is presently 53.33%.

Analyst Ratings Changes

CFG has been the subject of several research analyst reports. TD Cowen began coverage on shares of Citizens Financial Group in a report on Thursday, May 15th. They issued a “buy” rating and a $57.00 price objective for the company. Jefferies Financial Group started coverage on Citizens Financial Group in a research report on Wednesday. They set a “buy” rating and a $50.00 price target on the stock. Citigroup reduced 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. JPMorgan Chase & Co. lowered their price objective 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. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Citizens Financial Group from $49.00 to $45.00 and set a “market perform” rating on the stock in a report on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.50.

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.