PL Capital Advisors LLC maintained its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the second quarter, Holdings Channel reports. The firm owned 183,500 shares of the bank’s stock at the end of the second quarter. Citizens Financial Group accounts for approximately 1.7% of PL Capital Advisors LLC’s portfolio, making the stock its 19th largest position. PL Capital Advisors LLC’s holdings in Citizens Financial Group were worth $6,547,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Nisa Investment Advisors LLC raised its stake in shares of Citizens Financial Group by 26.9% in the first quarter. Nisa Investment Advisors LLC now owns 28,619 shares of the bank’s stock worth $989,000 after buying an additional 6,075 shares during the period. Boston Advisors LLC raised its stake in shares of Citizens Financial Group by 114.5% in the first quarter. Boston Advisors LLC now owns 617,718 shares of the bank’s stock worth $21,342,000 after buying an additional 329,763 shares during the period. Oliver Luxxe Assets LLC raised its stake in shares of Citizens Financial Group by 7.4% in the first quarter. Oliver Luxxe Assets LLC now owns 103,967 shares of the bank’s stock worth $3,592,000 after buying an additional 7,125 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Citizens Financial Group during the first quarter worth approximately $670,000. Finally, BLB&B Advisors LLC raised its stake in shares of Citizens Financial Group by 2.5% in the first quarter. BLB&B Advisors LLC now owns 12,517 shares of the bank’s stock worth $432,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

Shares of Citizens Financial Group, Inc. (NYSE:CFG) opened at 35.03 on Thursday. Citizens Financial Group, Inc. has a 1-year low of $22.86 and a 1-year high of $39.75. The stock has a 50 day moving average of $35.63 and a 200 day moving average of $35.96. The company has a market cap of $17.72 billion, a price-to-earnings ratio of 14.96 and a beta of 1.31.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, July 21st. The bank reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. The business 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%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. On average, equities analysts forecast that Citizens Financial Group, Inc. will post $2.53 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Wednesday, August 2nd will be paid a dividend of $0.18 per share. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Monday, July 31st. Citizens Financial Group’s payout ratio is currently 30.64%.

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

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A number of analysts have commented on the stock. BidaskClub upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Wedbush upgraded shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $39.00 to $41.00 in a research note on Monday, May 1st. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Tuesday, July 4th. Deutsche Bank AG restated a “hold” rating on shares of Citizens Financial Group in a research note on Wednesday, July 5th. Finally, BMO Capital Markets restated a “market perform” rating and set a $39.00 price target (up previously from $38.00) on shares of Citizens Financial Group in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Citizens Financial Group presently has a consensus rating of “Hold” and an average price target of $35.19.

About Citizens Financial Group

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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