Arvest Investments Inc. Acquires Shares of 40,654 Citizens Financial Group, Inc. (NYSE:CFG)

Arvest Investments Inc. bought a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 40,654 shares of the bank's stock, valued at approximately $1,779,000.

Several other institutional investors have also added to or reduced their stakes in CFG. OneDigital Investment Advisors LLC bought a new position in shares of Citizens Financial Group during the 3rd quarter valued at approximately $232,000. Empowered Funds LLC raised its holdings in Citizens Financial Group by 8.4% during the third quarter. Empowered Funds LLC now owns 7,487 shares of the bank's stock valued at $307,000 after acquiring an additional 579 shares during the period. LMR Partners LLP purchased a new stake in shares of Citizens Financial Group during the third quarter worth about $271,000. Pathstone Holdings LLC grew its position in shares of Citizens Financial Group by 7.7% during the third quarter. Pathstone Holdings LLC now owns 154,546 shares of the bank's stock worth $6,347,000 after purchasing an additional 11,044 shares in the last quarter. Finally, Prospera Financial Services Inc bought a new stake in Citizens Financial Group during the 3rd quarter valued at approximately $227,000. 94.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barclays lifted their target price on Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Piper Sandler raised their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. The Goldman Sachs Group lifted their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Compass Point raised their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Finally, Stephens reiterated an "overweight" rating and issued a $53.00 price target on shares of Citizens Financial Group in a report on Wednesday, January 29th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $48.67.

Remove Ads

Citizens Financial Group Stock Up 2.7 %

Shares of CFG stock traded up $1.11 during mid-day trading on Monday, hitting $42.30. 4,815,464 shares of the stock traded hands, compared to its average volume of 4,522,309. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $18.49 billion, a P/E ratio of 13.96, a P/E/G ratio of 0.81 and a beta of 1.06. The stock's fifty day moving average is $45.12 and its two-hundred day moving average is $44.12. Citizens Financial Group, Inc. has a 52-week low of $32.06 and a 52-week high of $49.25.

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. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The business's quarterly revenue was down .1% on a year-over-year basis. Equities analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 annualized dividend and a yield of 3.97%. Citizens Financial Group's dividend payout ratio (DPR) is presently 55.45%.

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.