Pioneer Investment Management Inc. held its position in Citizens Financial Group, Inc. (NYSE:CFG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 109,657 shares of the bank’s stock at the end of the second quarter. Pioneer Investment Management Inc.’s holdings in Citizens Financial Group were worth $3,913,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Citizens Financial Group by 2.4% in the first quarter. JPMorgan Chase & Co. now owns 16,827,697 shares of the bank’s stock valued at $581,396,000 after buying an additional 391,502 shares during the period. BB&T Corp increased its position in Citizens Financial Group by 149.6% in the first quarter. BB&T Corp now owns 132,713 shares of the bank’s stock valued at $4,585,000 after buying an additional 79,534 shares during the period. Fox Run Management L.L.C. acquired a new position in Citizens Financial Group during the first quarter valued at $670,000. Ameriprise Financial Inc. increased its position in Citizens Financial Group by 32.7% in the first quarter. Ameriprise Financial Inc. now owns 1,920,287 shares of the bank’s stock valued at $66,349,000 after buying an additional 473,580 shares during the period. Finally, Korea Investment CORP increased its position in Citizens Financial Group by 137.7% in the first quarter. Korea Investment CORP now owns 555,293 shares of the bank’s stock valued at $19,185,000 after buying an additional 321,680 shares during the period. Hedge funds and other institutional investors own 96.86% of the company’s stock.

Shares of Citizens Financial Group, Inc. (NYSE CFG) opened at 34.22 on Tuesday. The firm has a market capitalization of $17.13 billion, a price-to-earnings ratio of 14.61 and a beta of 1.31. The firm’s 50-day moving average price is $35.53 and its 200 day moving average price is $35.89. Citizens Financial Group, Inc. has a 52 week low of $22.96 and a 52 week high of $39.75.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, July 21st. The bank reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Citizens Financial Group had a return on equity of 6.08% and a net margin of 19.86%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. On average, analysts anticipate that Citizens Financial Group, Inc. will post $2.53 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 16th. Investors of record on Wednesday, August 2nd will be given a dividend of $0.18 per share. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Monday, July 31st. This represents a $0.72 dividend on an annualized basis and a yield of 2.10%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 30.64%.

Citizens Financial Group announced that its board has initiated a share repurchase plan on Wednesday, June 28th that permits the company to buyback $850.00 million in shares. This buyback authorization permits the bank to reacquire up to 4.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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Several equities analysts recently weighed in on CFG shares. Rafferty Capital Markets reiterated a “buy” rating and set a $40.00 target price (up from $36.00) on shares of Citizens Financial Group in a research report on Monday, April 24th. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Monday, April 24th. Wedbush upgraded Citizens Financial Group from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $39.00 to $41.00 in a research report on Monday, May 1st. TheStreet downgraded Citizens Financial Group from a “b-” rating to a “c” rating in a research report on Monday, June 26th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $39.00 target price (up from $38.00) on shares of Citizens Financial Group in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Citizens Financial Group presently has a consensus rating of “Hold” and a consensus price target of $35.19.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

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

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