5,415 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Purchased by Hager Investment Management Services LLC

Hager Investment Management Services LLC acquired a new stake in Citizens Financial Group, Inc. (NYSE:CFG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,415 shares of the bank’s stock, valued at approximately $237,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp grew its position in shares of Citizens Financial Group by 6.7% in the third quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock valued at $1,060,689,000 after purchasing an additional 1,615,144 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Citizens Financial Group by 207.2% in the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock valued at $339,733,000 after purchasing an additional 5,579,313 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Citizens Financial Group by 19.3% in the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock valued at $217,781,000 after purchasing an additional 805,758 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Citizens Financial Group by 11.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,144,635 shares of the bank’s stock valued at $129,150,000 after purchasing an additional 334,386 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of Citizens Financial Group by 51.1% in the third quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank’s stock valued at $107,897,000 after purchasing an additional 894,322 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Up 1.4 %

Shares of CFG opened at $47.02 on Wednesday. The stock has a market capitalization of $20.72 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 0.83 and a beta of 1.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. Citizens Financial Group, Inc. has a 52 week low of $30.24 and a 52 week high of $49.25. The stock has a fifty day moving average of $45.80 and a 200-day moving average of $43.46.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Citizens Financial Group’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the company earned $0.85 EPS. As a group, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Analyst Ratings Changes

CFG has been the topic of several research reports. Stephens reaffirmed an “overweight” rating and issued a $53.00 target price on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods increased their price target on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. Barclays increased their price target on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Royal Bank of Canada increased their price target on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Finally, Citigroup increased their price target on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

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.