Goelzer Investment Management Inc. Buys 25,645 Shares of Citizens Financial Group Inc (CFG)

Goelzer Investment Management Inc. boosted its stake in Citizens Financial Group Inc (NYSE:CFG) by 19.7% in the 1st quarter, HoldingsChannel reports. The firm owned 156,043 shares of the bank’s stock after buying an additional 25,645 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Citizens Financial Group were worth $5,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Semmax Financial Advisors Inc. acquired a new stake in Citizens Financial Group in the 4th quarter valued at $26,000. Liberty Wealth Management LLC acquired a new stake in Citizens Financial Group in the 1st quarter valued at $34,000. PRW Wealth Management LLC acquired a new stake in Citizens Financial Group in the 4th quarter valued at $32,000. Exane Asset Management acquired a new stake in Citizens Financial Group in the 4th quarter valued at $42,000. Finally, Sageworth Trust Co acquired a new stake in Citizens Financial Group in the 1st quarter valued at $50,000. Hedge funds and other institutional investors own 98.68% of the company’s stock.

NYSE:CFG opened at $36.05 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.96 and a quick ratio of 0.95. The stock has a market capitalization of $16.52 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 1.15 and a beta of 1.45. Citizens Financial Group Inc has a 1-year low of $27.62 and a 1-year high of $43.12.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Citizens Financial Group had a net margin of 22.96% and a return on equity of 8.88%. During the same period in the prior year, the company posted $0.78 EPS. As a group, sell-side analysts expect that Citizens Financial Group Inc will post 3.88 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.28 annualized dividend and a dividend yield of 3.55%. Citizens Financial Group’s payout ratio is 35.96%.

CFG has been the subject of several recent research reports. ValuEngine upgraded Citizens Financial Group from a “strong sell” rating to a “sell” rating in a report on Friday, April 19th. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Monday, February 11th. Finally, Wedbush set a $39.00 price objective on shares of Citizens Financial Group and gave the company a “buy” rating in a research report on Monday, April 22nd. One 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 currently has a consensus rating of “Buy” and an average target price of $41.36.

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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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