OneDigital Investment Advisors LLC Acquires 1,957 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

OneDigital Investment Advisors LLC increased its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 37.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,126 shares of the bank’s stock after buying an additional 1,957 shares during the period. OneDigital Investment Advisors LLC’s holdings in Citizens Financial Group were worth $292,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of CFG. Salzhauer Michael increased its position in shares of Citizens Financial Group by 1,034.7% during the fourth quarter. Salzhauer Michael now owns 179,301 shares of the bank’s stock worth $7,846,000 after purchasing an additional 163,500 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Citizens Financial Group during the fourth quarter worth $6,906,000. Sequoia Financial Advisors LLC increased its position in shares of Citizens Financial Group by 22.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 22,876 shares of the bank’s stock worth $1,001,000 after purchasing an additional 4,205 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Citizens Financial Group by 11.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,633 shares of the bank’s stock valued at $159,000 after buying an additional 364 shares during the last quarter. Finally, Great Lakes Advisors LLC grew its holdings in shares of Citizens Financial Group by 138.9% during the fourth quarter. Great Lakes Advisors LLC now owns 16,450 shares of the bank’s stock valued at $720,000 after buying an additional 9,564 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 0.6%

CFG stock opened at $47.63 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.54. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $49.25. The firm’s 50-day simple moving average is $42.14 and its 200 day simple moving average is $42.28. The stock has a market cap of $20.82 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 0.81 and a beta of 0.76.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a net margin of 12.76% and a return on equity of 6.84%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. As a group, sell-side analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Wednesday, April 30th. Citizens Financial Group’s payout ratio is 53.33%.

Citizens Financial Group announced that its board has approved a stock repurchase program on Friday, June 13th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the bank to repurchase up to 8.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CFG shares. Stephens dropped their price objective on shares of Citizens Financial Group from $53.00 to $48.00 and set an “outperform” rating on the stock in a report on Monday, April 7th. TD Cowen started coverage on shares of Citizens Financial Group in a report on Thursday, May 15th. They set a “buy” rating and a $57.00 price objective on the stock. The Goldman Sachs Group dropped their price objective on shares of Citizens Financial Group from $55.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Cowen started coverage on shares of Citizens Financial Group in a report on Wednesday, May 14th. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company set a $57.00 price target on shares of Citizens Financial Group in a report on Wednesday, July 2nd. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.32.

About Citizens Financial Group

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.