Sei Investments Co. lifted its stake in shares of Citizens Financial Group Inc (NYSE:CFG) by 55.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 222,558 shares of the bank’s stock after purchasing an additional 79,802 shares during the period. Sei Investments Co.’s holdings in Citizens Financial Group were worth $9,343,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Barings LLC raised its position in shares of Citizens Financial Group by 45.1% during the third quarter. Barings LLC now owns 86,900 shares of the bank’s stock worth $3,291,000 after purchasing an additional 27,000 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in shares of Citizens Financial Group by 0.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,347,000 shares of the bank’s stock worth $51,011,000 after purchasing an additional 8,700 shares during the period. Toronto Dominion Bank raised its position in shares of Citizens Financial Group by 10.7% during the third quarter. Toronto Dominion Bank now owns 192,364 shares of the bank’s stock worth $7,284,000 after purchasing an additional 18,523 shares during the period. Dean Investment Associates LLC purchased a new position in shares of Citizens Financial Group during the third quarter valued at $614,000. Finally, California Public Employees Retirement System grew its holdings in shares of Citizens Financial Group by 0.6% during the third quarter. California Public Employees Retirement System now owns 1,438,456 shares of the bank’s stock valued at $54,474,000 after buying an additional 8,756 shares in the last quarter. 97.50% of the stock is currently owned by institutional investors.
Citizens Financial Group Inc (CFG) opened at $46.43 on Monday. 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 52 week low of $31.51 and a 52 week high of $48.23. The company has a market capitalization of $22,626.50, a PE ratio of 17.65, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.88 dividend on an annualized basis and a yield of 1.90%. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.18. Citizens Financial Group’s payout ratio is 26.91%.
In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $40.31, for a total value of $161,240.00. Following the transaction, the director now owns 12,917 shares in the company, valued at $520,684.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.
A number of research analysts have recently weighed in on the company. Sanford C. Bernstein set a $52.00 price target on Citizens Financial Group and gave the company a “buy” rating in a report on Monday, January 22nd. TheStreet upgraded Citizens Financial Group from a “c” rating to an “a+” rating in a report on Monday, November 27th. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Monday, December 4th. BMO Capital Markets upgraded Citizens Financial Group from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $40.00 to $39.00 in a report on Tuesday, December 19th. Finally, Morgan Stanley lifted their price target on Citizens Financial Group from $43.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $42.36.
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Citizens Financial Group 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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