O Shaughnessy Asset Management LLC Buys 33,210 Shares of Citizens Financial Group, Inc. $CFG

O Shaughnessy Asset Management LLC raised its stake in Citizens Financial Group, Inc. (NYSE:CFGFree Report) by 14.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 264,362 shares of the bank’s stock after acquiring an additional 33,210 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Citizens Financial Group were worth $15,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of CFG. NewEdge Advisors LLC boosted its holdings in Citizens Financial Group by 2.4% in the 1st quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock valued at $472,000 after purchasing an additional 274 shares during the period. Empowered Funds LLC boosted its holdings in Citizens Financial Group by 6.7% in the 1st quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock valued at $362,000 after purchasing an additional 554 shares during the period. Woodline Partners LP boosted its holdings in Citizens Financial Group by 39.5% in the 1st quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock valued at $1,513,000 after purchasing an additional 10,466 shares during the period. Sivia Capital Partners LLC boosted its holdings in Citizens Financial Group by 93.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock valued at $439,000 after purchasing an additional 4,739 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in Citizens Financial Group by 5.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 65,564 shares of the bank’s stock valued at $2,934,000 after purchasing an additional 3,225 shares during the period. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Price Performance

NYSE:CFG opened at $65.61 on Wednesday. The company has a 50-day moving average of $63.12 and a 200-day moving average of $61.08. The company has a market capitalization of $27.75 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 0.51 and a beta of 0.68. Citizens Financial Group, Inc. has a 52 week low of $40.17 and a 52 week high of $68.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFGGet Free Report) last announced its earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the company posted $0.77 EPS. As a group, equities research analysts anticipate that Citizens Financial Group, Inc. will post 5.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were given a dividend of $0.46 per share. The ex-dividend date was Thursday, April 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.8%. Citizens Financial Group’s dividend payout ratio (DPR) is 43.50%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CFG shares. DA Davidson increased their price target on shares of Citizens Financial Group from $73.00 to $74.00 and gave the company a “buy” rating in a report on Monday, April 20th. Morgan Stanley reduced their price objective on shares of Citizens Financial Group from $80.00 to $73.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Robert W. Baird raised shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 price objective for the company in a report on Monday, March 9th. Evercore reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Citizens Financial Group in a report on Tuesday, April 21st. Finally, Citigroup reaffirmed a “buy” rating on shares of Citizens Financial Group in a report on Friday, May 8th. Nineteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.88.

Check Out Our Latest Research Report on CFG

Insider Activity

In related news, insider Michelle Moosally sold 6,050 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total transaction of $376,068.00. Following the completion of the sale, the insider owned 22,565 shares in the company, valued at $1,402,640.40. This trade represents a 21.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.67% of the stock is owned by company insiders.

Citizens Financial Group Company Profile

(Free Report)

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.

See Also

Want to see what other hedge funds are holding CFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens Financial Group, Inc. (NYSE:CFGFree Report).

Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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