Vanguard Personalized Indexing Management LLC Has $1.95 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Vanguard Personalized Indexing Management LLC grew its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 22.2% during the second quarter, HoldingsChannel reports. The firm owned 54,203 shares of the bank’s stock after buying an additional 9,850 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Citizens Financial Group were worth $1,953,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CFG. Meiji Yasuda Asset Management Co Ltd. boosted its position in Citizens Financial Group by 3.0% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,778 shares of the bank’s stock valued at $568,000 after buying an additional 458 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Citizens Financial Group by 115.2% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 98,765 shares of the bank’s stock worth $3,559,000 after acquiring an additional 52,880 shares during the last quarter. Citizens Financial Group Inc. RI increased its holdings in Citizens Financial Group by 0.5% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 479,988 shares of the bank’s stock worth $17,294,000 after purchasing an additional 2,536 shares in the last quarter. Quantbot Technologies LP bought a new position in Citizens Financial Group in the second quarter valued at about $5,009,000. Finally, Dimensional Fund Advisors LP raised its position in Citizens Financial Group by 15.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock valued at $159,550,000 after purchasing an additional 587,115 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CFG shares. Stephens boosted their price target on Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Royal Bank of Canada raised their price target on shares of Citizens Financial Group from $35.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Morgan Stanley increased their price objective on Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. UBS Group lifted their target price on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Jefferies Financial Group increased their price target on Citizens Financial Group from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Wednesday, July 3rd. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Citizens Financial Group currently has an average rating of “Hold” and an average price target of $42.20.

Insider Buying and Selling

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total value of $170,357.88. Following the completion of the sale, the insider now owns 33,620 shares of the company’s stock, valued at $1,454,401.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is owned by company insiders.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $41.65 on Friday. The stock has a market capitalization of $18.95 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 1.42 and a beta of 1.08. Citizens Financial Group, Inc. has a 52-week low of $22.77 and a 52-week high of $43.96. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87. The stock’s 50 day moving average price is $41.13 and its two-hundred day moving average price is $37.13.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, July 17th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The firm’s revenue was down 6.3% compared to the same quarter last year. On average, equities analysts predict that Citizens Financial Group, Inc. will post 3.24 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date was Wednesday, July 31st. Citizens Financial Group’s payout ratio is 60.87%.

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.