Caprock Group LLC Takes $1.27 Million Position in Citizens Financial Group, Inc. (NYSE:CFG)

Caprock Group LLC bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the 4th quarter, HoldingsChannel.com reports. The fund bought 28,940 shares of the bank’s stock, valued at approximately $1,266,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Algert Global LLC acquired a new stake in shares of Citizens Financial Group in the second quarter valued at $249,000. Cetera Investment Advisers raised its position in Citizens Financial Group by 4.7% in the 2nd quarter. Cetera Investment Advisers now owns 134,855 shares of the bank’s stock valued at $4,859,000 after purchasing an additional 6,003 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Citizens Financial Group in the 2nd quarter valued at about $1,429,000. Czech National Bank grew its position in shares of Citizens Financial Group by 5.3% during the third quarter. Czech National Bank now owns 91,323 shares of the bank’s stock worth $3,751,000 after buying an additional 4,614 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its stake in shares of Citizens Financial Group by 36.5% during the third quarter. Handelsbanken Fonder AB now owns 74,600 shares of the bank’s stock worth $3,064,000 after buying an additional 19,954 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Stock Down 2.0 %

CFG stock opened at $47.40 on Monday. Citizens Financial Group, Inc. has a 12 month low of $30.24 and a 12 month high of $49.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $20.89 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 0.83 and a beta of 1.10. The company has a fifty day moving average price of $45.84 and a 200 day moving average price of $43.40.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share 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 the consensus estimate of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Sell-side analysts expect that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Friday, January 31st. Citizens Financial Group’s payout ratio is currently 55.45%.

Analyst Ratings Changes

CFG has been the subject of a number of recent research reports. Barclays lifted their price target on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. DA Davidson raised their price target on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Royal Bank of Canada upped their price objective 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, Compass Point raised their target price on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $49.00.

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.