Sciencast Management LP acquired a new stake in shares of Citizens Financial Group Inc (NYSE:CFG) during the fourth quarter, Holdings Channel reports. The fund acquired 16,352 shares of the bank’s stock, valued at approximately $774,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cerebellum GP LLC purchased a new position in Citizens Financial Group during the fourth quarter valued at approximately $131,000. Valeo Financial Advisors LLC grew its position in Citizens Financial Group by 128.4% during the fourth quarter. Valeo Financial Advisors LLC now owns 3,148 shares of the bank’s stock valued at $132,000 after purchasing an additional 1,770 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Citizens Financial Group by 315.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,397 shares of the bank’s stock valued at $142,000 after purchasing an additional 2,580 shares in the last quarter. HPM Partners LLC purchased a new position in Citizens Financial Group during the fourth quarter valued at approximately $201,000. Finally, James Hambro & Partners purchased a new position in Citizens Financial Group during the fourth quarter valued at approximately $207,000. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Citizens Financial Group Inc (NYSE CFG) opened at $45.73 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.96. Citizens Financial Group Inc has a one year low of $31.51 and a one year high of $48.23. The firm has a market cap of $22,490.05, a price-to-earnings ratio of 13.98, a PEG ratio of 0.77 and a beta of 1.40.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, January 19th. The bank reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. Citizens Financial Group had a net margin of 25.60% and a return on equity of 6.73%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the company earned $0.55 earnings per share. Citizens Financial Group’s revenue for the quarter was up 8.9% on a year-over-year basis. research analysts anticipate that Citizens Financial Group Inc will post 3.36 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.92%. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, January 31st. Citizens Financial Group’s payout ratio is presently 26.91%.

A number of brokerages recently commented on CFG. ValuEngine raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Sanford C. Bernstein set a $52.00 target price on shares of Citizens Financial Group and gave the company a “buy” rating in a research note on Monday, January 22nd. TheStreet upgraded shares of Citizens Financial Group from a “c” rating to an “a+” rating in a research note on Monday, November 27th. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Monday, December 4th. Finally, BMO Capital Markets upgraded shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $40.00 to $39.00 in a research note on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $42.36.

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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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