IFP Advisors Inc boosted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 172.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,050 shares of the bank’s stock after buying an additional 10,151 shares during the period. IFP Advisors Inc’s holdings in Citizens Financial Group were worth $573,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Citizens Financial Group by 2.4% in the first quarter. JPMorgan Chase & Co. now owns 16,827,697 shares of the bank’s stock valued at $581,396,000 after buying an additional 391,502 shares during the last quarter. BB&T Corp boosted its position in shares of Citizens Financial Group by 149.6% in the first quarter. BB&T Corp now owns 132,713 shares of the bank’s stock valued at $4,585,000 after buying an additional 79,534 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Citizens Financial Group during the first quarter valued at $670,000. Korea Investment CORP boosted its position in shares of Citizens Financial Group by 137.7% in the first quarter. Korea Investment CORP now owns 555,293 shares of the bank’s stock valued at $19,185,000 after buying an additional 321,680 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Citizens Financial Group by 32.7% in the first quarter. Ameriprise Financial Inc. now owns 1,920,287 shares of the bank’s stock valued at $66,349,000 after buying an additional 473,580 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Citizens Financial Group, Inc. (CFG) opened at 33.39 on Friday. The firm has a market cap of $16.72 billion, a price-to-earnings ratio of 14.26 and a beta of 1.31. Citizens Financial Group, Inc. has a 12-month low of $23.20 and a 12-month high of $39.75. The company has a 50-day moving average of $35.54 and a 200 day moving average of $35.93.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, July 21st. The bank reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Citizens Financial Group had a net margin of 19.86% and a return on equity of 6.08%. Citizens Financial Group’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the company posted $0.46 EPS. Equities analysts expect that Citizens Financial Group, Inc. will post $2.53 EPS for the current fiscal year.

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

Citizens Financial Group declared that its Board of Directors has initiated a stock repurchase program on Wednesday, June 28th that permits the company to repurchase $850.00 million in shares. This repurchase authorization permits the bank to purchase up to 4.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

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Several equities analysts have recently weighed in on CFG shares. Piper Jaffray Companies upgraded Citizens Financial Group from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $38.00 to $41.00 in a report on Friday, April 21st. Citigroup Inc. reiterated a “hold” rating on shares of Citizens Financial Group in a report on Friday, April 21st. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Citizens Financial Group in a report on Saturday, April 22nd. Rafferty Capital Markets reiterated a “buy” rating and set a $40.00 price target (up previously from $36.00) on shares of Citizens Financial Group in a report on Monday, April 24th. Finally, Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Citizens Financial Group presently has a consensus rating of “Hold” and an average price target of $35.19.

About Citizens Financial Group

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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