OLD National Bancorp IN Acquires Shares of 8,632 Citizens Financial Group, Inc. (NYSE:CFG)

OLD National Bancorp IN acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,632 shares of the bank’s stock, valued at approximately $286,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CFG. CWM LLC boosted its stake in Citizens Financial Group by 28.3% during the 3rd quarter. CWM LLC now owns 17,272 shares of the bank’s stock worth $463,000 after acquiring an additional 3,815 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Citizens Financial Group by 336.3% during the 3rd quarter. Global Retirement Partners LLC now owns 1,693 shares of the bank’s stock worth $43,000 after acquiring an additional 1,305 shares during the last quarter. SG Americas Securities LLC boosted its stake in Citizens Financial Group by 121.1% during the 3rd quarter. SG Americas Securities LLC now owns 61,885 shares of the bank’s stock worth $1,659,000 after acquiring an additional 33,897 shares during the last quarter. Czech National Bank boosted its stake in Citizens Financial Group by 44.1% during the 3rd quarter. Czech National Bank now owns 82,548 shares of the bank’s stock worth $2,212,000 after acquiring an additional 25,253 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in Citizens Financial Group by 3.9% in the third quarter. Asset Management One Co. Ltd. now owns 207,507 shares of the bank’s stock valued at $5,561,000 after buying an additional 7,838 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Shares of CFG opened at $34.99 on Friday. The firm has a market capitalization of $16.04 billion, a PE ratio of 12.68 and a beta of 1.38. The company’s 50-day moving average is $33.61 and its 200-day moving average is $30.89. Citizens Financial Group, Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $36.38. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.87.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, April 17th. The bank reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.10). The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. Citizens Financial Group’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.00 earnings per share. Equities analysts forecast that Citizens Financial Group, Inc. will post 3.24 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.42 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.80%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 60.87%.

Insider Activity at Citizens Financial Group

In related news, insider Craig Jack Read sold 6,327 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $33.70, for a total value of $213,219.90. Following the transaction, the insider now directly owns 37,558 shares in the company, valued at $1,265,704.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Argus upped their price target on shares of Citizens Financial Group from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday. Barclays lowered shares of Citizens Financial Group from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $38.00 to $40.00 in a research report on Tuesday, January 2nd. Citigroup boosted their price objective on shares of Citizens Financial Group from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Evercore ISI boosted their price objective on shares of Citizens Financial Group from $35.00 to $39.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Finally, Royal Bank of Canada boosted their price objective on shares of Citizens Financial Group from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.13.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.