Sciencast Management LP raised its holdings in Citizens Financial Group Inc (NYSE:CFG) by 134.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,400 shares of the bank’s stock after buying an additional 22,048 shares during the period. Citizens Financial Group comprises approximately 0.8% of Sciencast Management LP’s investment portfolio, making the stock its 14th biggest holding. Sciencast Management LP’s holdings in Citizens Financial Group were worth $1,586,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Citizens Financial Group by 7.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,060 shares of the bank’s stock valued at $674,000 after purchasing an additional 1,120 shares during the last quarter. Pitcairn Co. grew its position in shares of Citizens Financial Group by 8.9% in the fourth quarter. Pitcairn Co. now owns 14,451 shares of the bank’s stock valued at $606,000 after purchasing an additional 1,182 shares during the last quarter. IFM Investors Pty Ltd grew its position in shares of Citizens Financial Group by 8.1% in the first quarter. IFM Investors Pty Ltd now owns 16,234 shares of the bank’s stock valued at $682,000 after purchasing an additional 1,220 shares during the last quarter. Intrust Bank NA grew its position in shares of Citizens Financial Group by 13.5% in the first quarter. Intrust Bank NA now owns 12,189 shares of the bank’s stock valued at $511,000 after purchasing an additional 1,454 shares during the last quarter. Finally, ETRADE Capital Management LLC grew its position in shares of Citizens Financial Group by 6.5% in the fourth quarter. ETRADE Capital Management LLC now owns 24,993 shares of the bank’s stock valued at $1,050,000 after purchasing an additional 1,532 shares during the last quarter. 95.40% of the stock is currently owned by institutional investors.

Several equities analysts have recently commented on the company. Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Friday, June 1st. Morgan Stanley upped their target price on Citizens Financial Group from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, May 31st. Robert W. Baird raised Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $46.00 target price on the stock in a research report on Wednesday, May 30th. BMO Capital Markets decreased their target price on Citizens Financial Group from $56.00 to $52.00 and set an “outperform” rating on the stock in a research report on Monday, April 23rd. Finally, Sandler O’Neill raised Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Monday, April 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $45.82.

In related news, insider Randall J. Black sold 792 shares of the stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $41.49, for a total transaction of $32,860.08. Following the sale, the insider now owns 34,258 shares of the company’s stock, valued at $1,421,364.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.22% of the company’s stock.

Shares of NYSE:CFG opened at $41.90 on Thursday. The company has a market cap of $20.29 billion, a P/E ratio of 16.24, a P/E/G ratio of 0.58 and a beta of 1.39. Citizens Financial Group Inc has a 1 year low of $31.51 and a 1 year high of $48.23. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.97 and a current ratio of 0.98.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, April 20th. The bank reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.02. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. Citizens Financial Group had a return on equity of 7.06% and a net margin of 26.00%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 earnings per share. analysts anticipate that Citizens Financial Group Inc will post 3.45 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 16th. Investors of record on Wednesday, May 2nd were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Tuesday, May 1st. Citizens Financial Group’s dividend payout ratio is currently 34.11%.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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

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