Axa raised its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 85.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 206,698 shares of the bank’s stock after purchasing an additional 95,300 shares during the quarter. Axa’s holdings in Citizens Financial Group were worth $8,677,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Cerebellum GP LLC purchased a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $131,000. Valeo Financial Advisors LLC boosted its position in shares of 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 buying an additional 1,770 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of 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 buying an additional 2,580 shares during the period. James Hambro & Partners purchased a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $207,000. Finally, Loeb Partners Corp purchased a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $210,000. Institutional investors and hedge funds own 97.14% of the company’s stock.
Shares of Citizens Financial Group Inc (CFG) opened at $46.15 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.96 and a current ratio of 0.96. Citizens Financial Group Inc has a 12 month low of $31.51 and a 12 month high of $48.23. The firm has a market cap of $22,710.00, a P/E ratio of 17.75, a PEG ratio of 0.77 and a beta of 1.40.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Wednesday, January 31st. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.18. Citizens Financial Group’s payout ratio is currently 33.85%.
Several research analysts have issued reports on the company. BMO Capital Markets upgraded Citizens Financial Group from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $40.00 to $39.00 in a research report on Tuesday, December 19th. Barclays boosted their target price on Citizens Financial Group from $41.00 to $49.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Monday, December 4th. Sanford C. Bernstein set a $52.00 target price on Citizens Financial Group and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Morgan Stanley boosted their target price on Citizens Financial Group from $43.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price 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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