LSV Asset Management Has $237.11 Million Position in Citizens Financial Group, Inc. (NYSE:CFG)

LSV Asset Management increased its position in Citizens Financial Group, Inc. (NYSE:CFG) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,580,797 shares of the bank’s stock after buying an additional 113,300 shares during the period. LSV Asset Management owned 1.45% of Citizens Financial Group worth $237,106,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Triasima Portfolio Management inc. grew its holdings in Citizens Financial Group by 57.7% during the second quarter. Triasima Portfolio Management inc. now owns 9,348 shares of the bank’s stock valued at $337,000 after purchasing an additional 3,420 shares during the last quarter. Ballentine Partners LLC grew its holdings in Citizens Financial Group by 13.3% during the second quarter. Ballentine Partners LLC now owns 6,473 shares of the bank’s stock valued at $233,000 after purchasing an additional 758 shares during the last quarter. Caprock Group LLC grew its holdings in Citizens Financial Group by 120.4% during the second quarter. Caprock Group LLC now owns 15,739 shares of the bank’s stock valued at $567,000 after purchasing an additional 8,599 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Citizens Financial Group during the second quarter valued at approximately $3,856,000. Finally, Cullen Frost Bankers Inc. grew its holdings in Citizens Financial Group by 12.7% during the second quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank’s stock valued at $84,000 after purchasing an additional 264 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insiders Place Their Bets

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $43.26, for a total transaction of $170,357.88. Following the transaction, the insider now owns 33,620 shares in the company, valued at $1,454,401.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.62% of the company’s stock.

Citizens Financial Group Price Performance

Shares of NYSE CFG traded down $0.91 during midday trading on Friday, reaching $40.69. 4,990,580 shares of the company traded hands, compared to its average volume of 5,419,050. The firm has a market cap of $18.51 billion, a PE ratio of 14.74, a PEG ratio of 1.54 and a beta of 1.08. The stock’s 50-day simple moving average is $40.28 and its 200-day simple moving average is $36.49. Citizens Financial Group, Inc. has a 12 month low of $22.77 and a 12 month 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.

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

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date was Wednesday, July 31st. Citizens Financial Group’s dividend payout ratio (DPR) is currently 60.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Raymond James assumed coverage on Citizens Financial Group in a research report on Thursday, July 11th. They issued a “market perform” rating for the company. Keefe, Bruyette & Woods increased their price objective on Citizens Financial Group from $39.00 to $40.00 and gave the company a “market perform” rating in a research report on Tuesday, July 9th. UBS Group increased their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a research report 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 research report on Monday, August 5th. Finally, Royal Bank of Canada raised their target price on Citizens Financial Group from $35.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Citizens Financial Group presently has a consensus rating of “Hold” and a consensus price target of $42.20.

Citizens Financial Group 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.