LSV Asset Management Acquires 113,300 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

LSV Asset Management increased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,580,797 shares of the bank’s stock after purchasing an additional 113,300 shares during the period. LSV Asset Management’s holdings in Citizens Financial Group were worth $237,106,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Citizens Financial Group by 35.9% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,203 shares of the bank’s stock valued at $2,838,000 after purchasing an additional 20,649 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Citizens Financial Group by 101.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock valued at $27,641,000 after acquiring an additional 383,947 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Citizens Financial Group by 96.3% in the 4th quarter. Hsbc Holdings PLC now owns 2,472,122 shares of the bank’s stock valued at $81,932,000 after acquiring an additional 1,212,642 shares in the last quarter. Duality Advisers LP bought a new stake in Citizens Financial Group in the 1st quarter valued at approximately $1,180,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Citizens Financial Group in the 4th quarter valued at approximately $5,965,000. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of CFG stock traded down $0.91 during trading on Friday, reaching $40.69. 4,990,580 shares of the company’s stock were exchanged, compared to its average volume of 5,419,050. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $18.51 billion, a PE ratio of 14.74, a PEG ratio of 1.54 and a beta of 1.08. Citizens Financial Group, Inc. has a twelve month low of $22.77 and a twelve month high of $43.96. The firm’s fifty day moving average price is $40.28 and its 200-day moving average price is $36.49.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, July 17th. The bank reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.95 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The firm’s revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share. As a group, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.24 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date was Wednesday, July 31st. Citizens Financial Group’s dividend payout ratio is 60.87%.

Insider Buying and Selling at Citizens Financial Group

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total value of $170,357.88. Following the transaction, the insider now directly owns 33,620 shares of the company’s stock, valued at approximately $1,454,401.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

CFG has been the topic of several research reports. Morgan Stanley boosted their target price on Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Royal Bank of Canada boosted their target price on Citizens Financial Group from $35.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Keefe, Bruyette & Woods boosted their target price on Citizens Financial Group from $39.00 to $40.00 and gave the company a “market perform” rating in a research note on Tuesday, July 9th. Evercore ISI boosted their target price on Citizens Financial Group from $38.00 to $39.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Finally, UBS Group boosted their target price on Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $42.20.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.