Atria Wealth Solutions Inc. Purchases 5,779 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Atria Wealth Solutions Inc. increased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 109.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,052 shares of the bank's stock after acquiring an additional 5,779 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Citizens Financial Group were worth $484,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Costello Asset Management INC purchased a new stake in shares of Citizens Financial Group in the third quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new stake in Citizens Financial Group in the 3rd quarter worth about $27,000. Catalyst Capital Advisors LLC acquired a new stake in Citizens Financial Group during the 3rd quarter worth about $28,000. Ameliora Wealth Management Ltd. purchased a new position in Citizens Financial Group during the 4th quarter valued at about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Citizens Financial Group in the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Truist Financial raised their price target on shares of Citizens Financial Group from $49.00 to $54.00 and gave the stock a "hold" rating in a report on Tuesday, January 21st. The Goldman Sachs Group lifted their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods upped their price target on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a "market perform" rating in a research note on Tuesday, January 21st. Piper Sandler lifted their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the company an "overweight" rating in a research report on Tuesday, December 3rd. Finally, Compass Point upped their target price on Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Citizens Financial Group presently has an average rating of "Moderate Buy" and an average target price of $49.00.

Citizens Financial Group Stock Performance

CFG stock traded down $0.72 during midday trading on Monday, hitting $45.05. 1,798,841 shares of the company traded hands, compared to its average volume of 3,661,067. The stock has a market capitalization of $19.69 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10. The business has a 50 day simple moving average of $45.90 and a 200-day simple moving average of $44.19. Citizens Financial Group, Inc. has a twelve month low of $31.70 and a twelve month high of $49.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $1.99 billion during 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%. The firm's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 EPS. As a group, equities research analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 3.73%. Citizens Financial Group's payout ratio is 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.