Aware Super Pty Ltd as trustee of Aware Super Purchases New Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 100,648 shares of the bank’s stock, valued at approximately $4,404,000.

Several other large investors have also recently made changes to their positions in CFG. Canada Post Corp Registered Pension Plan bought a new stake in Citizens Financial Group in the fourth quarter worth $213,000. Belpointe Asset Management LLC bought a new position in shares of Citizens Financial Group during the fourth quarter valued at $238,000. Mariner LLC boosted its position in shares of Citizens Financial Group by 0.4% during the fourth quarter. Mariner LLC now owns 123,002 shares of the bank’s stock valued at $5,382,000 after buying an additional 507 shares during the last quarter. Barclays PLC raised its position in Citizens Financial Group by 7.1% in the 4th quarter. Barclays PLC now owns 1,660,164 shares of the bank’s stock worth $72,649,000 after buying an additional 109,335 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in Citizens Financial Group by 0.6% during the 4th quarter. Bessemer Group Inc. now owns 131,630 shares of the bank’s stock valued at $5,759,000 after acquiring an additional 831 shares during the period. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CFG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. cut their price target on Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Barclays increased their price objective on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Stephens restated an “overweight” rating and set a $53.00 target price on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Finally, Citigroup decreased their target price on Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Citizens Financial Group has an average rating of “Moderate Buy” and an average target price of $49.06.

Citizens Financial Group Stock Up 2.0 %

Shares of CFG stock opened at $35.53 on Tuesday. The company’s fifty day simple moving average is $41.85 and its two-hundred day simple moving average is $43.77. Citizens Financial Group, Inc. has a 52 week low of $32.06 and a 52 week high of $49.25. The stock has a market cap of $15.53 billion, a P/E ratio of 11.73, a PEG ratio of 0.81 and a beta of 0.81. 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 (NYSE:CFG) last posted its earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 earnings per share. Analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.73%. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

About Citizens Financial Group

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.