Hager Investment Management Services LLC Purchases 3,660 Shares of Citizens Financial Group, Inc. $CFG

Hager Investment Management Services LLC lifted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 35.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 13,980 shares of the bank’s stock after purchasing an additional 3,660 shares during the period. Hager Investment Management Services LLC’s holdings in Citizens Financial Group were worth $626,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CFG. Grove Bank & Trust grew its holdings in shares of Citizens Financial Group by 97.1% in the first quarter. Grove Bank & Trust now owns 678 shares of the bank’s stock worth $28,000 after purchasing an additional 334 shares during the last quarter. Investors Research Corp grew its holdings in shares of Citizens Financial Group by 344.8% in the second quarter. Investors Research Corp now owns 645 shares of the bank’s stock worth $29,000 after purchasing an additional 500 shares during the last quarter. Trust Co. of Vermont grew its holdings in shares of Citizens Financial Group by 177.5% in the second quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock worth $29,000 after purchasing an additional 410 shares during the last quarter. REAP Financial Group LLC grew its holdings in shares of Citizens Financial Group by 72.4% in the second quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock worth $33,000 after purchasing an additional 309 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in shares of Citizens Financial Group by 143.4% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,076 shares of the bank’s stock worth $44,000 after purchasing an additional 634 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock opened at $52.00 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $22.43 billion, a P/E ratio of 15.81, a P/E/G ratio of 0.58 and a beta of 0.79. The business has a fifty day simple moving average of $50.93 and a two-hundred day simple moving average of $44.70. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $55.24.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Thursday, July 17th. The bank reported $0.92 EPS for the quarter, beating the consensus estimate of $0.88 by $0.04. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.01 billion. Citizens Financial Group had a return on equity of 6.94% and a net margin of 13.26%.The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 earnings per share. On average, equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.68 annualized dividend and a yield of 3.2%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 51.06%.

Citizens Financial Group declared that its board has initiated a stock repurchase program on Friday, June 13th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the bank to buy up to 8.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

CFG has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Evercore ISI lifted their price target on shares of Citizens Financial Group from $57.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. UBS Group lifted their price target on shares of Citizens Financial Group from $57.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. upgraded shares of Citizens Financial Group from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $48.50 to $52.00 in a report on Friday, August 1st. Finally, Morgan Stanley upgraded shares of Citizens Financial Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $53.00 to $71.00 in a report on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus price target of $55.40.

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.