Schwab Charles Investment Management Inc. Purchases 288,587 Shares of Citizens Financial Group (CFG)

Schwab Charles Investment Management Inc. grew its position in shares of Citizens Financial Group (NYSE:CFG) by 11.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,767,286 shares of the bank’s stock after acquiring an additional 288,587 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Citizens Financial Group were worth $116,171,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its position in Citizens Financial Group by 55.9% during the 4th quarter. Sei Investments Co. now owns 222,558 shares of the bank’s stock worth $9,343,000 after acquiring an additional 79,802 shares during the last quarter. Deutsche Bank AG boosted its position in Citizens Financial Group by 38.5% during the 4th quarter. Deutsche Bank AG now owns 1,617,882 shares of the bank’s stock worth $67,916,000 after acquiring an additional 449,680 shares during the last quarter. Two Sigma Investments LP boosted its position in Citizens Financial Group by 114.1% during the 4th quarter. Two Sigma Investments LP now owns 274,542 shares of the bank’s stock worth $11,525,000 after acquiring an additional 146,306 shares during the last quarter. Segall Bryant & Hamill LLC boosted its position in Citizens Financial Group by 7.0% during the 4th quarter. Segall Bryant & Hamill LLC now owns 531,448 shares of the bank’s stock worth $22,310,000 after acquiring an additional 34,960 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in Citizens Financial Group by 11.6% during the 4th quarter. Toronto Dominion Bank now owns 214,640 shares of the bank’s stock worth $9,010,000 after acquiring an additional 22,276 shares during the last quarter. 97.67% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently commented on CFG. Sandler O’Neill raised Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Monday, April 23rd. ValuEngine raised Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Sanford C. Bernstein set a $52.00 price objective on Citizens Financial Group and gave the company a “buy” rating in a report on Monday, January 22nd. Deutsche Bank raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Tuesday, April 3rd. Finally, Zacks Investment Research downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $44.36.



Citizens Financial Group opened at $42.40 on Monday, according to Marketbeat.com. Citizens Financial Group has a 12 month low of $31.51 and a 12 month high of $48.23. The company has a market capitalization of $20.55 billion, a PE ratio of 16.43, a P/E/G ratio of 0.59 and a beta of 1.41. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.98 and a quick ratio of 0.97.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, April 20th. The bank reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.02. Citizens Financial Group had a return on equity of 7.06% and a net margin of 26.00%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the firm posted $0.61 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. sell-side analysts forecast that Citizens Financial Group will post 3.44 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 16th. Shareholders of record on Wednesday, May 2nd will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.08%. The ex-dividend date is Tuesday, May 1st. Citizens Financial Group’s dividend payout ratio is 34.11%.

Citizens Financial Group Company Profile

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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