13,000 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Purchased by Essential Planning LLC.

Essential Planning LLC. acquired a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,000 shares of the bank's stock, valued at approximately $574,000.

Several other hedge funds have also recently made changes to their positions in the stock. State Street Corp raised its stake in Citizens Financial Group by 6.7% during the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank's stock valued at $1,060,689,000 after buying an additional 1,615,144 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Citizens Financial Group by 207.2% in the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank's stock worth $339,733,000 after acquiring an additional 5,579,313 shares during the period. Nordea Investment Management AB increased its position in Citizens Financial Group by 19.3% during the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank's stock valued at $217,781,000 after acquiring an additional 805,758 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Citizens Financial Group by 31.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank's stock valued at $155,051,000 after acquiring an additional 839,041 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Citizens Financial Group by 11.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,144,635 shares of the bank's stock valued at $129,150,000 after purchasing an additional 334,386 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Citizens Financial Group Stock Performance

Citizens Financial Group stock traded up $0.19 during mid-day trading on Monday, hitting $40.89. The company had a trading volume of 3,793,748 shares, compared to its average volume of 4,492,768. The company's fifty day moving average is $45.46 and its 200-day moving average is $44.18. Citizens Financial Group, Inc. has a 12-month low of $32.06 and a 12-month high of $49.25. The company has a market capitalization of $17.87 billion, a price-to-earnings ratio of 13.50, a P/E/G ratio of 0.81 and a beta of 1.06. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Citizens Financial Group's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 earnings per share. Equities research analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date was Friday, January 31st. Citizens Financial Group's dividend payout ratio (DPR) is currently 55.45%.

Analysts Set New Price Targets

CFG has been the topic of a number of recent research reports. Piper Sandler raised their target price on Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. Citigroup upped their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods boosted their price target on Citizens Financial Group from $53.00 to $56.00 and gave the stock a "market perform" rating in a report on Tuesday, January 21st. Raymond James reiterated a "strong-buy" rating and issued a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Finally, Morgan Stanley reduced their target price on Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Citizens Financial Group currently has an average rating of "Moderate Buy" and an average target price of $49.22.

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.