Vest Financial LLC Purchases 20,408 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Vest Financial LLC grew its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 56.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,508 shares of the bank's stock after buying an additional 20,408 shares during the period. Vest Financial LLC's holdings in Citizens Financial Group were worth $2,473,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Czech National Bank lifted its holdings in Citizens Financial Group by 5.3% during the 3rd quarter. Czech National Bank now owns 91,323 shares of the bank's stock worth $3,751,000 after purchasing an additional 4,614 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in Citizens Financial Group during the 3rd quarter worth approximately $231,000. CWM LLC lifted its holdings in Citizens Financial Group by 102.5% during the 3rd quarter. CWM LLC now owns 82,433 shares of the bank's stock worth $3,386,000 after purchasing an additional 41,734 shares during the last quarter. Wedmont Private Capital lifted its holdings in Citizens Financial Group by 11.9% during the 3rd quarter. Wedmont Private Capital now owns 10,608 shares of the bank's stock worth $437,000 after purchasing an additional 1,125 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Citizens Financial Group by 483.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,500 shares of the bank's stock worth $144,000 after purchasing an additional 2,900 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Trading Down 2.1 %

Shares of Citizens Financial Group stock traded down $1.01 on Wednesday, hitting $46.16. 3,428,856 shares of the company's stock traded hands, compared to its average volume of 3,800,548. Citizens Financial Group, Inc. has a one year low of $30.24 and a one year high of $49.25. 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 fifty day moving average of $45.78 and a two-hundred day moving average of $43.68. The company has a market capitalization of $20.34 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 0.84 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly 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 business had revenue of $1.99 billion for 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 quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. As a group, sell-side analysts expect that Citizens Financial Group, Inc. will post 3.93 earnings per share for the current 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 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Friday, January 31st. Citizens Financial Group's payout ratio is 55.45%.

Wall Street Analyst Weigh In

CFG has been the subject of several research reports. Royal Bank of Canada lifted their price target on Citizens Financial Group from $43.00 to $45.00 and gave the stock an "outperform" rating in a report on Thursday, October 17th. StockNews.com raised Citizens Financial Group from a "sell" rating to a "hold" rating in a report on Thursday, October 17th. Raymond James reaffirmed a "strong-buy" rating and issued a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Truist Financial lifted their price target 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. Finally, Piper Sandler lifted their price target on Citizens Financial Group from $48.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday, December 3rd. Nine 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's stock. According to data from MarketBeat.com, Citizens Financial Group presently has an average rating of "Moderate Buy" and an average price target of $49.00.

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.