True Wealth Design LLC Increases Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

True Wealth Design LLC increased its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 10.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,890 shares of the bank’s stock after buying an additional 275 shares during the period. True Wealth Design LLC’s holdings in Citizens Financial Group were worth $126,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Toronto Dominion Bank boosted its stake in shares of Citizens Financial Group by 5.8% during the 4th quarter. Toronto Dominion Bank now owns 236,855 shares of the bank’s stock worth $10,365,000 after acquiring an additional 13,085 shares in the last quarter. Systematic Financial Management LP raised its holdings in Citizens Financial Group by 6.5% in the 4th quarter. Systematic Financial Management LP now owns 84,187 shares of the bank’s stock valued at $3,684,000 after acquiring an additional 5,160 shares during the last quarter. Siemens Fonds Invest GmbH raised its holdings in Citizens Financial Group by 1,113.8% in the 4th quarter. Siemens Fonds Invest GmbH now owns 64,114 shares of the bank’s stock valued at $2,806,000 after acquiring an additional 58,832 shares during the last quarter. Royal Bank of Canada raised its holdings in Citizens Financial Group by 6.4% in the 4th quarter. Royal Bank of Canada now owns 6,247,238 shares of the bank’s stock valued at $273,378,000 after acquiring an additional 374,850 shares during the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in shares of Citizens Financial Group in the 4th quarter valued at approximately $127,000. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $41.84 on Friday. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $49.25. The stock has a market cap of $18.29 billion, a P/E ratio of 13.81, a P/E/G ratio of 0.81 and a beta of 0.74. The company’s 50 day moving average price is $38.49 and its two-hundred day moving average price is $43.14. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. On average, equities analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date was Wednesday, April 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 53.33%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Stephens lowered their price objective on shares of Citizens Financial Group from $53.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th. DA Davidson lowered their target price on shares of Citizens Financial Group from $53.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Citigroup lowered their target price on shares of Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Finally, Raymond James reissued a “strong-buy” rating and set a $48.00 price objective (down previously from $58.00) on shares of Citizens Financial Group in a report on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and an average price target of $46.78.

Citizens Financial Group Company Profile

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.