Cambiar Investors LLC Has $32.78 Million Holdings in Citizens Financial Group Inc (CFG)

Cambiar Investors LLC cut its stake in shares of Citizens Financial Group Inc (NYSE:CFG) by 4.6% in the 1st quarter, Holdings Channel reports. The fund owned 1,008,717 shares of the bank’s stock after selling 48,521 shares during the quarter. Cambiar Investors LLC’s holdings in Citizens Financial Group were worth $32,783,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Great West Life Assurance Co. Can raised its stake in Citizens Financial Group by 10.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 813,336 shares of the bank’s stock valued at $26,363,000 after acquiring an additional 79,038 shares during the last quarter. US Bancorp DE raised its stake in shares of Citizens Financial Group by 23.9% during the 1st quarter. US Bancorp DE now owns 43,018 shares of the bank’s stock worth $1,398,000 after buying an additional 8,291 shares in the last quarter. Greenleaf Trust raised its stake in shares of Citizens Financial Group by 14.8% during the 1st quarter. Greenleaf Trust now owns 7,851 shares of the bank’s stock worth $255,000 after buying an additional 1,010 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Citizens Financial Group by 32.8% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 301,651 shares of the bank’s stock worth $9,804,000 after buying an additional 74,514 shares in the last quarter. Finally, Keybank National Association OH raised its stake in shares of Citizens Financial Group by 27.2% during the 1st quarter. Keybank National Association OH now owns 58,694 shares of the bank’s stock worth $1,908,000 after buying an additional 12,558 shares in the last quarter. 98.90% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Thursday, January 31st. Wedbush set a $39.00 target price on Citizens Financial Group and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, ValuEngine downgraded Citizens Financial Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $41.36.

Shares of CFG stock opened at $35.27 on Wednesday. The company has a market cap of $15.93 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 1.11 and a beta of 1.45. 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 12-month low of $27.62 and a 12-month high of $42.87.

Citizens Financial Group (NYSE:CFG) last released 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. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Citizens Financial Group had a return on equity of 8.88% and a net margin of 22.96%. During the same quarter in the prior year, the firm posted $0.78 EPS. On average, equities research analysts expect that Citizens Financial Group Inc will post 3.88 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Tuesday, April 30th. Citizens Financial Group’s dividend payout ratio is currently 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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