Gotham Asset Management LLC Purchases New Holdings in Citizens Financial Group Inc (NYSE:CFG)

Gotham Asset Management LLC bought a new stake in Citizens Financial Group Inc (NYSE:CFG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,593 shares of the bank’s stock, valued at approximately $285,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CFG. JPMorgan Chase & Co. raised its position in shares of Citizens Financial Group by 14.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,986,749 shares of the bank’s stock valued at $655,180,000 after acquiring an additional 2,189,838 shares in the last quarter. MML Investors Services LLC bought a new position in Citizens Financial Group during the third quarter valued at about $232,000. D.A. Davidson & CO. lifted its holdings in shares of Citizens Financial Group by 32.4% during the third quarter. D.A. Davidson & CO. now owns 10,728 shares of the bank’s stock valued at $414,000 after purchasing an additional 2,624 shares during the last quarter. United Services Automobile Association lifted its holdings in shares of Citizens Financial Group by 1.1% during the third quarter. United Services Automobile Association now owns 442,134 shares of the bank’s stock valued at $17,053,000 after purchasing an additional 4,918 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Citizens Financial Group by 424.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,374 shares of the bank’s stock worth $2,253,000 after acquiring an additional 47,253 shares in the last quarter. 97.87% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have weighed in on CFG shares. Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Monday, February 11th. Citigroup upgraded Citizens Financial Group from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $41.00 to $37.00 in a research report on Wednesday, January 9th. Goldman Sachs Group upgraded Citizens Financial Group to a “buy” rating and cut their price objective for the company from $44.00 to $40.00 in a research report on Monday, January 7th. Wedbush set a $39.00 target price on Citizens Financial Group and gave the company a “buy” rating in a research note on Monday. Finally, Barclays reduced their target price on Citizens Financial Group from $51.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $41.36.

NYSE CFG traded up $0.25 during trading on Friday, reaching $35.97. 3,017,500 shares of the company’s stock were exchanged, compared to its average volume of 4,830,110. The company has a market cap of $16.48 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 1.16 and a beta of 1.41. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.57. Citizens Financial Group Inc has a fifty-two week low of $27.62 and a fifty-two week high of $43.12.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Thursday, April 18th. The bank reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Citizens Financial Group had a return on equity of 8.88% and a net margin of 22.96%. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. As a group, research analysts anticipate that Citizens Financial Group Inc will post 3.87 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Tuesday, April 30th. Citizens Financial Group’s dividend payout ratio is currently 35.96%.

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About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides 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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