Assenagon Asset Management S.A. Has $61.11 Million Stock Position in Citizens Financial Group, Inc. $CFG

Assenagon Asset Management S.A. boosted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 53.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,019,011 shares of the bank’s stock after buying an additional 352,845 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Citizens Financial Group were worth $61,110,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in shares of Citizens Financial Group by 2.9% during the 4th quarter. Parallel Advisors LLC now owns 6,078 shares of the bank’s stock worth $355,000 after buying an additional 172 shares during the period. AA Financial Advisors LLC raised its stake in shares of Citizens Financial Group by 3.9% during the fourth quarter. AA Financial Advisors LLC now owns 4,657 shares of the bank’s stock worth $272,000 after buying an additional 174 shares during the last quarter. Inscription Capital LLC lifted its holdings in Citizens Financial Group by 1.6% in the fourth quarter. Inscription Capital LLC now owns 10,902 shares of the bank’s stock valued at $637,000 after buying an additional 175 shares during the period. Clear Harbor Asset Management LLC lifted its holdings in Citizens Financial Group by 0.9% in the fourth quarter. Clear Harbor Asset Management LLC now owns 19,694 shares of the bank’s stock valued at $1,150,000 after buying an additional 175 shares during the period. Finally, Grove Bank & Trust boosted its stake in Citizens Financial Group by 19.8% in the fourth quarter. Grove Bank & Trust now owns 1,107 shares of the bank’s stock valued at $65,000 after acquiring an additional 183 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

CFG opened at $70.51 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. Citizens Financial Group, Inc. has a 12 month low of $43.33 and a 12 month high of $71.21. The company has a fifty day simple moving average of $64.43 and a 200 day simple moving average of $62.23. The stock has a market cap of $29.82 billion, a P/E ratio of 16.67, a P/E/G ratio of 0.55 and a beta of 0.68.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. On average, research analysts expect that Citizens Financial Group, Inc. will post 5.2 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.6%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 43.50%.

Analyst Upgrades and Downgrades

CFG has been the subject of a number of analyst reports. DA Davidson lifted their target price on shares of Citizens Financial Group from $73.00 to $74.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Stephens began coverage on Citizens Financial Group in a research note on Monday, June 15th. They issued an “equal weight” rating on the stock. Citigroup lifted their price objective on Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday. Morgan Stanley cut their target price on Citizens Financial Group from $80.00 to $73.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Finally, Keefe, Bruyette & Woods boosted their target price on Citizens Financial Group from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $71.36.

Insider Activity at Citizens Financial Group

In other news, insider Michelle Moosally sold 6,050 shares of Citizens Financial Group stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total transaction of $376,068.00. Following the transaction, the insider owned 22,565 shares in the company, valued at $1,402,640.40. The trade was a 21.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

About Citizens Financial Group

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.