50,179 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Bought by Arvest Bank Trust Division

Arvest Bank Trust Division bought a new position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 50,179 shares of the bank's stock, valued at approximately $2,196,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Citizens Financial Group during the 4th quarter valued at about $8,134,000. BTC Capital Management Inc. increased its stake in shares of Citizens Financial Group by 19.8% in the 4th quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank's stock worth $1,882,000 after purchasing an additional 7,119 shares in the last quarter. Patton Fund Management Inc. bought a new position in Citizens Financial Group in the 4th quarter worth $6,694,000. AEGON ASSET MANAGEMENT UK Plc grew its holdings in Citizens Financial Group by 46.8% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank's stock valued at $50,430,000 after purchasing an additional 367,439 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of Citizens Financial Group by 19.3% during the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank's stock valued at $217,781,000 after buying an additional 805,758 shares in the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CFG shares. Royal Bank of Canada lowered their price objective on Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. DA Davidson dropped their target price on shares of Citizens Financial Group from $53.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Truist Financial decreased their price target on shares of Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Raymond James reiterated a "strong-buy" rating and issued a $48.00 target price (down from $58.00) on shares of Citizens Financial Group in a research report on Thursday, April 17th. Finally, Piper Sandler cut their target price on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Citizens Financial Group currently has an average rating of "Moderate Buy" and a consensus target price of $45.82.

Citizens Financial Group Trading Up 2.8 %

CFG stock traded up $0.96 during mid-day trading on Tuesday, reaching $35.45. The company had a trading volume of 1,707,872 shares, compared to its average volume of 4,779,021. The firm has a 50 day moving average of $40.65 and a 200 day moving average of $43.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $49.25. The company has a market capitalization of $15.50 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. On average, equities analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a yield of 4.74%. Citizens Financial Group's payout ratio is 53.33%.

Citizens Financial Group Company 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.