The Manufacturers Life Insurance Company Has $139.23 Million Stake in Citizens Financial Group Inc (CFG)

The Manufacturers Life Insurance Company grew its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,316,459 shares of the bank’s stock after acquiring an additional 17,735 shares during the period. The Manufacturers Life Insurance Company owned about 0.67% of Citizens Financial Group worth $139,225,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cerebellum GP LLC bought a new position in shares of Citizens Financial Group during the fourth quarter valued at $131,000. Lipe & Dalton bought a new position in Citizens Financial Group during the third quarter worth $207,000. Colony Group LLC bought a new position in Citizens Financial Group during the second quarter worth $210,000. Loeb Partners Corp bought a new position in Citizens Financial Group during the fourth quarter worth $210,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in Citizens Financial Group during the fourth quarter worth $216,000. 98.33% of the stock is owned by hedge funds and other institutional investors.

Shares of Citizens Financial Group Inc (NYSE:CFG) opened at $45.85 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. The company has a market cap of $21,839.50, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 0.74 and a beta of 1.39. Citizens Financial Group Inc has a twelve month low of $31.51 and a twelve month high of $48.23.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, January 19th. The bank reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Citizens Financial Group had a net margin of 25.60% and a return on equity of 6.73%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company posted $0.55 earnings per share. equities analysts predict that Citizens Financial Group Inc will post 3.36 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.92%. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 26.91%.

A number of equities analysts recently weighed in on the stock. BMO Capital Markets raised shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $40.00 to $39.00 in a research note on Tuesday, December 19th. Barclays lifted their target price on shares of Citizens Financial Group from $41.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Monday, December 4th. Oppenheimer reissued a “hold” rating on shares of Citizens Financial Group in a research note on Monday, October 23rd. Finally, Sanford C. Bernstein set a $52.00 target price on shares of Citizens Financial Group and gave the stock a “buy” rating in a research note on Monday, January 22nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.36.

In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.31, for a total value of $161,240.00. Following the completion of the sale, the director now directly owns 12,917 shares in the company, valued at $520,684.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.21% of the company’s stock.

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About Citizens Financial Group

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

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

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