Citizens Financial Group, Inc. (CFG) to Issue Quarterly Dividend of $0.46 on February 18th

Citizens Financial Group, Inc. (NYSE:CFG) declared a quarterly dividend on Wednesday, January 21st. Shareholders of record on Wednesday, February 4th will be given a dividend of 0.46 per share by the bank on Wednesday, February 18th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Wednesday, February 4th.

Citizens Financial Group has raised its dividend payment by an average of 0.0%per year over the last three years. Citizens Financial Group has a dividend payout ratio of 37.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Citizens Financial Group to earn $4.99 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 36.9%.

Citizens Financial Group Stock Performance

Shares of CFG opened at $62.98 on Monday. The stock has a 50-day simple moving average of $59.04 and a 200-day simple moving average of $53.68. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85. The stock has a market capitalization of $27.05 billion, a PE ratio of 16.27, a PEG ratio of 0.51 and a beta of 0.72. Citizens Financial Group has a 1 year low of $32.60 and a 1 year high of $65.88.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.02. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.89%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. On average, analysts predict that Citizens Financial Group will post 3.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Citizens Financial Group

Several hedge funds and other institutional investors have recently made changes to their positions in CFG. Danske Bank A S lifted its position in shares of Citizens Financial Group by 13.0% during the 4th quarter. Danske Bank A S now owns 298,883 shares of the bank’s stock valued at $17,458,000 after buying an additional 34,500 shares during the last quarter. GenTrust LLC bought a new stake in Citizens Financial Group during the fourth quarter valued at about $241,000. Activest Wealth Management boosted its stake in shares of Citizens Financial Group by 5,600.0% during the 4th quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after purchasing an additional 504 shares during the period. Pekin Hardy Strauss Inc. raised its holdings in Citizens Financial Group by 46.5% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 21,570 shares of the bank’s stock worth $1,260,000 after purchasing an additional 6,849 shares in the last quarter. Finally, Interchange Capital Partners LLC purchased a new stake in shares of Citizens Financial Group in the fourth quarter worth about $220,000. 94.90% of the stock is owned by institutional investors and hedge funds.

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.