PDS Planning Inc acquired a new position in Citizens Financial Group, Inc. (NYSE:CFG – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,996 shares of the bank’s stock, valued at approximately $224,000.
Several other institutional investors also recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. grew its stake in Citizens Financial Group by 7.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 10,380,605 shares of the bank’s stock valued at $425,293,000 after acquiring an additional 697,494 shares in the last quarter. AQR Capital Management LLC grew its stake in Citizens Financial Group by 19.1% during the first quarter. AQR Capital Management LLC now owns 7,366,754 shares of the bank’s stock valued at $294,007,000 after acquiring an additional 1,180,390 shares in the last quarter. Royal Bank of Canada grew its stake in Citizens Financial Group by 8.9% during the first quarter. Royal Bank of Canada now owns 6,801,856 shares of the bank’s stock valued at $278,672,000 after acquiring an additional 554,618 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Citizens Financial Group by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,730,786 shares of the bank’s stock valued at $193,782,000 after acquiring an additional 41,704 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Citizens Financial Group by 1.9% during the first quarter. Northern Trust Corp now owns 4,703,836 shares of the bank’s stock valued at $192,716,000 after acquiring an additional 86,237 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.
Citizens Financial Group Stock Performance
CFG stock opened at $49.25 on Monday. Citizens Financial Group, Inc. has a 1-year low of $32.60 and a 1-year high of $55.24. The business has a 50-day moving average price of $51.06 and a 200 day moving average price of $44.86. The company has a market capitalization of $21.24 billion, a P/E ratio of 14.97, a PEG ratio of 0.55 and a beta of 0.79. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.84.
Citizens Financial Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, July 31st were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, July 31st. Citizens Financial Group’s dividend payout ratio is currently 51.06%.
Analyst Ratings Changes
Several research firms recently weighed in on CFG. Raymond James Financial set a $62.00 target price on shares of Citizens Financial Group and gave the company a “strong-buy” rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods upgraded shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a research report on Wednesday, July 9th. Wells Fargo & Company set a $57.00 price objective on shares of Citizens Financial Group in a research report on Wednesday, July 2nd. DA Davidson increased their price objective on shares of Citizens Financial Group from $49.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Citizens Financial Group in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.86.
Citizens Financial Group 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.
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