Wedbush Securities Inc. boosted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,873 shares of the bank’s stock after buying an additional 306 shares during the period. Wedbush Securities Inc.’s holdings in Citizens Financial Group were worth $1,387,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Citizens Financial Group by 5.3% in the first quarter. Vanguard Group Inc. now owns 51,859,836 shares of the bank’s stock worth $1,791,757,000 after buying an additional 2,616,045 shares during the last quarter. BlackRock Inc. increased its stake in Citizens Financial Group by 1,533.4% in the first quarter. BlackRock Inc. now owns 42,692,103 shares of the bank’s stock worth $1,475,015,000 after buying an additional 40,078,389 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Citizens Financial Group by 2.4% in the first quarter. JPMorgan Chase & Co. now owns 16,827,697 shares of the bank’s stock worth $581,396,000 after buying an additional 391,502 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Citizens Financial Group by 0.9% in the first quarter. TIAA CREF Investment Management LLC now owns 6,613,670 shares of the bank’s stock worth $228,502,000 after buying an additional 58,865 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Citizens Financial Group by 25.3% in the first quarter. AQR Capital Management LLC now owns 5,785,410 shares of the bank’s stock worth $199,886,000 after buying an additional 1,166,959 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

Shares of Citizens Financial Group, Inc. (NYSE:CFG) opened at 33.39 on Friday. Citizens Financial Group, Inc. has a 1-year low of $23.20 and a 1-year high of $39.75. The company has a market capitalization of $16.72 billion, a PE ratio of 14.26 and a beta of 1.31. The company has a 50 day moving average price of $35.54 and a 200 day moving average price of $35.93.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, July 21st. The bank reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.04. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. Citizens Financial Group had a net margin of 19.86% and a return on equity of 6.08%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS. Equities analysts predict that Citizens Financial Group, Inc. will post $2.53 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Wednesday, August 2nd will be paid a $0.18 dividend. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Monday, July 31st. Citizens Financial Group’s dividend payout ratio is currently 30.64%.

Citizens Financial Group declared that its Board of Directors has approved a share buyback program on Wednesday, June 28th that authorizes the company to repurchase $850.00 million in outstanding shares. This repurchase authorization authorizes the bank to repurchase up to 4.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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A number of brokerages have recently issued reports on CFG. Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, July 4th. BidaskClub raised Citizens Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Citigroup Inc. reaffirmed a “hold” rating on shares of Citizens Financial Group in a research note on Friday, April 21st. TheStreet raised Citizens Financial Group from a “c” rating to a “b-” rating in a research note on Monday, August 7th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Citizens Financial Group in a research note on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $35.19.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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