Global X Management Co. LLC boosted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 52.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,958 shares of the bank’s stock after buying an additional 6,517 shares during the period. Global X Management Co. LLC’s holdings in Citizens Financial Group were worth $676,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. FTB Advisors Inc. raised its stake in shares of Citizens Financial Group by 39.5% in the first quarter. FTB Advisors Inc. now owns 3,381 shares of the bank’s stock worth $124,000 after buying an additional 957 shares in the last quarter. Coconut Grove Bank raised its stake in shares of Citizens Financial Group by 59.1% in the first quarter. Coconut Grove Bank now owns 4,845 shares of the bank’s stock worth $167,000 after buying an additional 1,800 shares in the last quarter. Smithfield Trust Co. raised its stake in shares of Citizens Financial Group by 1.4% in the second quarter. Smithfield Trust Co. now owns 4,994 shares of the bank’s stock worth $178,000 after buying an additional 70 shares in the last quarter. Advisor Partners LLC purchased a new stake in shares of Citizens Financial Group during the first quarter worth about $203,000. Finally, IFP Advisors Inc raised its stake in shares of Citizens Financial Group by 9.3% in the first quarter. IFP Advisors Inc now owns 5,899 shares of the bank’s stock worth $204,000 after buying an additional 504 shares in the last quarter. 96.86% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group, Inc. (NYSE:CFG) opened at 33.99 on Wednesday. The company’s 50 day moving average price is $35.51 and its 200-day moving average price is $35.87. The firm has a market capitalization of $17.02 billion, a price-to-earnings ratio of 14.51 and a beta of 1.31. Citizens Financial Group, Inc. has a 12-month low of $22.96 and a 12-month high of $39.75.

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

The firm also recently declared 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 represents a $0.72 dividend on an annualized basis and a dividend yield of 2.12%. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Monday, July 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 30.64%.

Citizens Financial Group announced that its Board of Directors has approved a share buyback plan on Wednesday, June 28th that allows the company to buyback $850.00 million in shares. This buyback authorization allows the bank to repurchase up to 4.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

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A number of equities research analysts recently issued reports on CFG shares. TheStreet raised Citizens Financial Group from a “c” rating to a “b-” rating in a research report on Monday, August 7th. Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Monday, April 24th. Rafferty Capital Markets reaffirmed a “buy” rating and set a $40.00 price target (up previously from $36.00) on shares of Citizens Financial Group in a research report on Monday, April 24th. BidaskClub raised Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Finally, Keefe, Bruyette & Woods set a $40.00 price target on Citizens Financial Group and gave the stock a “buy” rating in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average 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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