23,334 Shares in Citizens Financial Group Inc (CFG) Purchased by Csenge Advisory Group

Csenge Advisory Group purchased a new stake in Citizens Financial Group Inc (NYSE:CFG) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 23,334 shares of the bank’s stock, valued at approximately $758,000.

Several other hedge funds also recently made changes to their positions in CFG. JPMorgan Chase & Co. lifted 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 worth $655,180,000 after purchasing an additional 2,189,838 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Citizens Financial Group by 3.8% during the 3rd quarter. Legal & General Group Plc now owns 2,372,864 shares of the bank’s stock worth $91,532,000 after purchasing an additional 85,926 shares during the last quarter. Morgan Stanley lifted its position in shares of Citizens Financial Group by 28.6% during the 3rd quarter. Morgan Stanley now owns 2,927,578 shares of the bank’s stock worth $112,917,000 after purchasing an additional 650,344 shares during the last quarter. BKD Wealth Advisors LLC lifted its position in shares of Citizens Financial Group by 28.6% during the 4th quarter. BKD Wealth Advisors LLC now owns 13,430 shares of the bank’s stock worth $399,000 after purchasing an additional 2,990 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. lifted its position in shares of Citizens Financial Group by 415.8% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 221,275 shares of the bank’s stock worth $6,579,000 after purchasing an additional 178,373 shares during the last quarter. 98.90% of the stock is owned by institutional investors.

CFG has been the subject of several recent analyst reports. 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 Wednesday, January 23rd. ValuEngine cut shares of Citizens Financial Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 21st. Finally, Wedbush set a $39.00 price objective on shares of Citizens Financial Group and gave the stock a “buy” rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Citizens Financial Group presently has a consensus rating of “Buy” and a consensus target price of $41.36.

Shares of CFG opened at $34.76 on Friday. Citizens Financial Group Inc has a 1-year low of $27.62 and a 1-year high of $42.87. The firm has a market capitalization of $15.93 billion, a P/E ratio of 9.34, a P/E/G ratio of 1.11 and a beta of 1.45. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.96 and a quick ratio of 0.95.

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, beating analysts’ consensus estimates of $0.89 by $0.04. Citizens Financial Group had a net margin of 22.96% and a return on equity of 8.88%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the company earned $0.78 earnings per share. As a group, sell-side analysts predict 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 was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were given a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $1.28 dividend on an annualized basis and a yield of 3.68%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 35.96%.

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Citizens Financial Group Profile

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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