Cozad Asset Management Inc. bought a new position in Citizens Financial Group Inc (NYSE:CFG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 50,200 shares of the bank’s stock, valued at approximately $1,953,000.

Other hedge funds have also modified their holdings of the company. LSV Asset Management increased its holdings in shares of Citizens Financial Group by 51.7% during the second quarter. LSV Asset Management now owns 7,513,125 shares of the bank’s stock valued at $292,260,000 after acquiring an additional 2,561,477 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Citizens Financial Group by 30.8% during the second quarter. Janus Henderson Group PLC now owns 4,493,533 shares of the bank’s stock valued at $174,800,000 after acquiring an additional 1,058,650 shares in the last quarter. PointState Capital LP increased its holdings in shares of Citizens Financial Group by 103.3% during the first quarter. PointState Capital LP now owns 4,145,178 shares of the bank’s stock valued at $174,015,000 after acquiring an additional 2,105,951 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Citizens Financial Group by 21.8% during the first quarter. The Manufacturers Life Insurance Company now owns 4,039,035 shares of the bank’s stock valued at $169,558,000 after acquiring an additional 722,576 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Citizens Financial Group by 1.5% during the second quarter. Bank of America Corp DE now owns 3,697,242 shares of the bank’s stock valued at $143,823,000 after acquiring an additional 55,276 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Friday, June 22nd. ValuEngine upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Monday, July 16th. Robert W. Baird upgraded Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $46.00 price objective for the company in a report on Wednesday, May 30th. Finally, Morgan Stanley boosted their price objective on Citizens Financial Group from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, May 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $46.40.

Shares of Citizens Financial Group stock opened at $39.77 on Friday. Citizens Financial Group Inc has a 12-month low of $34.42 and a 12-month high of $48.23. The firm has a market cap of $19.21 billion, a P/E ratio of 15.41, a P/E/G ratio of 0.54 and a beta of 1.37. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.68.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, July 20th. The bank reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.02. Citizens Financial Group had a return on equity of 7.59% and a net margin of 26.72%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. Citizens Financial Group’s revenue was up 8.1% compared to the same quarter last year. equities analysts anticipate that Citizens Financial Group Inc will post 3.49 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Wednesday, August 1st were issued a dividend of $0.27 per share. The ex-dividend date was Tuesday, July 31st. This represents a $1.08 annualized dividend and a yield of 2.72%. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.22. Citizens Financial Group’s dividend payout ratio is 41.86%.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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

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