Landscape Capital Management L.L.C. Takes $398,000 Position in Citizens Financial Group, Inc. (NYSE:CFG)

Landscape Capital Management L.L.C. acquired a new position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,093 shares of the bank's stock, valued at approximately $398,000.

Several other hedge funds have also recently bought and sold shares of the business. Ameliora Wealth Management Ltd. bought a new position in shares of Citizens Financial Group in the fourth quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Citizens Financial Group in the 4th quarter worth $28,000. Sierra Ocean LLC acquired a new position in Citizens Financial Group during the 4th quarter worth $47,000. Duncker Streett & Co. Inc. bought a new stake in Citizens Financial Group during the fourth quarter valued at about $51,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Citizens Financial Group in the fourth quarter valued at about $66,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CFG has been the subject of several recent analyst reports. Raymond James restated a "strong-buy" rating and set a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Morgan Stanley lowered their price objective on shares of Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Truist Financial dropped their target price on shares of Citizens Financial Group from $54.00 to $51.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Stephens restated an "overweight" rating and issued a $53.00 price target on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a "market perform" rating in a research report on Tuesday, January 21st. Nine investment 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $49.06.

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Citizens Financial Group Price Performance

NYSE CFG traded down $0.01 on Friday, hitting $34.78. 6,848,123 shares of the company were exchanged, compared to its average volume of 4,768,760. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a market cap of $15.20 billion, a P/E ratio of 11.48, a P/E/G ratio of 0.81 and a beta of 0.81. Citizens Financial Group, Inc. has a 1-year low of $32.06 and a 1-year high of $49.25. The firm has a 50 day moving average of $42.10 and a two-hundred day moving average of $43.78.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.96 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. Citizens Financial Group's revenue was down .1% compared to the same quarter last year. On average, equities 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 disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 annualized dividend and a yield of 4.83%. Citizens Financial Group's dividend payout ratio is currently 55.45%.

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.