Vanguard Personalized Indexing Management LLC Purchases 9,850 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Vanguard Personalized Indexing Management LLC raised its position in Citizens Financial Group, Inc. (NYSE:CFG) by 22.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,203 shares of the bank’s stock after purchasing an additional 9,850 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Citizens Financial Group were worth $1,953,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CFG shares. UBS Group raised their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, July 18th. The Goldman Sachs Group boosted their price target on Citizens Financial Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Evercore ISI increased their price objective on Citizens Financial Group from $38.00 to $39.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Keefe, Bruyette & Woods boosted their target price on shares of Citizens Financial Group from $39.00 to $40.00 and gave the stock a “market perform” rating in a report on Tuesday, July 9th. Finally, Royal Bank of Canada increased their price target on shares of Citizens Financial Group from $35.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $42.20.

Insider Buying and Selling at Citizens Financial Group

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

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $41.65 on Friday. The company has a market capitalization of $18.95 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 1.42 and a beta of 1.08. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.60. Citizens Financial Group, Inc. has a 12 month low of $22.77 and a 12 month high of $43.96. The stock’s 50 day moving average is $41.13 and its 200-day moving average is $37.13.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, July 17th. The bank reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 EPS. Equities research analysts expect that Citizens Financial Group, Inc. will post 3.24 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Wednesday, July 31st. Citizens Financial Group’s dividend payout ratio (DPR) is 60.87%.

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.