43,380 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S acquired a new position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 43,380 shares of the bank's stock, valued at approximately $1,898,000.

Several other hedge funds have also recently added to or reduced their stakes in CFG. My Legacy Advisors LLC lifted its holdings in Citizens Financial Group by 1.0% in the fourth quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank's stock worth $1,074,000 after purchasing an additional 229 shares during the period. Brooklyn Investment Group increased its stake in shares of Citizens Financial Group by 3.3% during the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank's stock valued at $320,000 after acquiring an additional 233 shares during the period. 1620 Investment Advisors Inc. lifted its position in Citizens Financial Group by 3.2% in the fourth quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank's stock worth $338,000 after purchasing an additional 238 shares during the period. SeaCrest Wealth Management LLC boosted its stake in Citizens Financial Group by 0.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank's stock valued at $1,257,000 after purchasing an additional 246 shares in the last quarter. Finally, Ballentine Partners LLC increased its position in shares of Citizens Financial Group by 3.3% during the 4th quarter. Ballentine Partners LLC now owns 7,777 shares of the bank's stock valued at $340,000 after purchasing an additional 247 shares during the period. Institutional investors own 94.90% of the company's stock.

Citizens Financial Group Stock Down 1.0 %

CFG traded down $0.38 on Friday, reaching $37.06. 3,350,553 shares of the company traded hands, compared to its average volume of 4,794,607. The company has a market cap of $16.20 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 0.81 and a beta of 0.81. 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's 50 day moving average price is $39.87 and its 200-day moving average price is $43.43. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 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 $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. On average, sell-side analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a yield of 4.53%. Citizens Financial Group's dividend payout ratio is currently 53.33%.

Analysts Set New Price Targets

Several research analysts recently weighed in on CFG shares. Raymond James reaffirmed a "strong-buy" rating and set a $48.00 target price (down previously from $58.00) on shares of Citizens Financial Group in a research note on Thursday, April 17th. Morgan Stanley dropped their target price on shares of Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating on the stock in a report on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. Royal Bank of Canada reduced their target price on shares of Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Truist Financial dropped their price target on Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Finally, The Goldman Sachs Group reduced their price objective on Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Eight investment analysts have rated the stock with a hold rating, eight 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 a consensus rating of "Moderate Buy" and a consensus price target of $46.18.

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.