Citizens Financial Group, Inc. (CFG) Stake Increased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. increased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 387.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 643,546 shares of the company’s stock after buying an additional 511,546 shares during the period. Citizens Financial Group accounts for about 0.9% of Jupiter Asset Management Ltd.’s holdings, making the stock its 25th largest position. Jupiter Asset Management Ltd.’s holdings in Citizens Financial Group were worth $22,930,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CFG. Virtus Investment Advisers Inc. bought a new position in Citizens Financial Group during the third quarter valued at approximately $106,000. Global X Management Co. LLC boosted its position in Citizens Financial Group by 148.3% in the third quarter. Global X Management Co. LLC now owns 4,711 shares of the company’s stock valued at $116,000 after buying an additional 2,814 shares during the last quarter. SRB Corp boosted its position in Citizens Financial Group by 8.0% in the third quarter. SRB Corp now owns 6,656 shares of the company’s stock valued at $164,000 after buying an additional 491 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in Citizens Financial Group during the fourth quarter valued at approximately $345,000. Finally, Bronfman E.L. Rothschild L.P. boosted its position in Citizens Financial Group by 17.9% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 9,688 shares of the company’s stock valued at $239,000 after buying an additional 1,473 shares during the last quarter. 97.12% of the stock is currently owned by hedge funds and other institutional investors.

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

Citizens Financial Group, Inc. (NYSE:CFG) traded up 1.37% during mid-day trading on Monday, reaching $36.92. 3,506,175 shares of the company’s stock were exchanged. Citizens Financial Group, Inc. has a 52-week low of $18.32 and a 52-week high of $37.95. The company has a market cap of $18.90 billion, a PE ratio of 18.74 and a beta of 1.36. The stock has a 50-day moving average price of $36.08 and a 200 day moving average price of $29.22.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, January 20th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. Citizens Financial Group had a return on equity of 5.19% and a net margin of 18.13%. The firm had revenue of $1.36 billion for the quarter. During the same period in the previous year, the business posted $0.42 earnings per share. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities analysts predict that Citizens Financial Group, Inc. will post $2.27 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 16th. Stockholders of record on Thursday, February 2nd will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.52%. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 28.28%.

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Several equities analysts have recently issued reports on the stock. Oppenheimer Holdings, Inc. set a $25.00 price objective on shares of Citizens Financial Group and gave the stock a “buy” rating in a research note on Friday, October 21st. Zacks Investment Research cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, December 29th. Wedbush lifted their price objective on shares of Citizens Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, October 24th. Barclays PLC lifted their price objective on shares of Citizens Financial Group from $27.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 3rd. Finally, Sandler O’Neill cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a research note on Monday, November 14th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $32.55.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals, institutions and companies. The Company operates in two segments: Consumer Banking and Commercial Banking. The Company’s Consumer Banking serves retail customers and small businesses.

5 Day Chart for NYSE:CFG

Want to see what other hedge funds are holding CFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens Financial Group, Inc. (NYSE:CFG).

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