Salzhauer Michael Grows Position in Citizens Financial Group, Inc. (NYSE:CFG)

Salzhauer Michael boosted its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 1,034.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 179,301 shares of the bank's stock after buying an additional 163,500 shares during the quarter. Citizens Financial Group makes up about 2.8% of Salzhauer Michael's investment portfolio, making the stock its 8th biggest holding. Salzhauer Michael's holdings in Citizens Financial Group were worth $7,846,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. My Legacy Advisors LLC raised its stake in Citizens Financial Group by 1.0% during the fourth quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank's stock worth $1,074,000 after acquiring an additional 229 shares during the period. Brooklyn Investment Group lifted its position in Citizens Financial Group by 3.3% in the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank's stock worth $320,000 after purchasing an additional 233 shares during the period. SeaCrest Wealth Management LLC boosted its stake in Citizens Financial Group by 0.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank's stock valued at $1,257,000 after buying an additional 246 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of Citizens Financial Group by 3.3% in the 4th quarter. Ballentine Partners LLC now owns 7,777 shares of the bank's stock worth $340,000 after purchasing an additional 247 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Citizens Financial Group by 17.4% during the 4th quarter. Versant Capital Management Inc now owns 1,685 shares of the bank's stock valued at $74,000 after acquiring an additional 250 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Price Performance

Shares of NYSE:CFG traded down $0.12 during midday trading on Thursday, reaching $46.04. The company's stock had a trading volume of 3,134,858 shares, compared to its average volume of 3,772,631. The business's fifty day simple moving average is $45.78 and its 200-day simple moving average is $43.70. 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 company has a market capitalization of $20.29 billion, a P/E ratio of 15.20, a P/E/G ratio of 0.84 and a beta of 1.10. Citizens Financial Group, Inc. has a fifty-two week low of $30.30 and a fifty-two week high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 EPS. As a group, equities research analysts expect that Citizens Financial Group, Inc. will post 3.93 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.42 per share. The ex-dividend date is Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 3.65%. Citizens Financial Group's payout ratio is currently 55.45%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. DA Davidson lifted their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Citigroup lifted their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Raymond James reiterated a "strong-buy" rating and issued a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Stephens reissued an "overweight" rating and set a $53.00 target price on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group raised their target price on Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Nine research 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 MarketBeat.com, Citizens Financial Group has a consensus rating of "Moderate Buy" and a consensus target price of $49.00.

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.