BTC Capital Management Inc. Has $1.88 Million Position in Citizens Financial Group, Inc. (NYSE:CFG)

BTC Capital Management Inc. raised its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 19.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,999 shares of the bank's stock after purchasing an additional 7,119 shares during the period. BTC Capital Management Inc.'s holdings in Citizens Financial Group were worth $1,882,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Costello Asset Management INC bought a new position in Citizens Financial Group during the third quarter worth $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Citizens Financial Group during the third quarter worth $27,000. Catalyst Capital Advisors LLC bought a new position in shares of Citizens Financial Group in the 3rd quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at about $48,000. Finally, Friedenthal Financial bought a new stake in shares of Citizens Financial Group during the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 94.90% of the company's stock.

Analyst Upgrades and Downgrades

CFG has been the subject of a number of research reports. Truist Financial lifted their target price on Citizens Financial Group from $49.00 to $54.00 and gave the company a "hold" rating in a research note on Tuesday, January 21st. Raymond James restated a "strong-buy" rating and set a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Stephens reaffirmed an "overweight" rating and issued a $53.00 target price on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a "market perform" rating in a report on Tuesday, January 21st. Finally, Compass Point increased their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $49.00.

Citizens Financial Group Trading Up 1.4 %

NYSE CFG traded up $0.65 on Tuesday, hitting $47.02. 2,729,156 shares of the company were exchanged, compared to its average volume of 3,895,417. Citizens Financial Group, Inc. has a twelve month low of $30.24 and a twelve month high of $49.25. The company's 50 day moving average price is $45.80 and its 200-day moving average price is $43.46. The firm has a market capitalization of $20.72 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 0.83 and a beta of 1.10. 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 (NYSE:CFG - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The firm's quarterly revenue was down .1% on a year-over-year basis. Analysts predict that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.57%. The ex-dividend date is Friday, January 31st. 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.