Intech Investment Management LLC Buys 91,086 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Intech Investment Management LLC raised its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 801.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 102,445 shares of the bank's stock after purchasing an additional 91,086 shares during the quarter. Intech Investment Management LLC's holdings in Citizens Financial Group were worth $4,483,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Ameliora Wealth Management Ltd. bought a new position in Citizens Financial Group during the fourth quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Citizens Financial Group during the fourth quarter valued at approximately $28,000. Sierra Ocean LLC bought a new stake in shares of Citizens Financial Group during the fourth quarter valued at approximately $47,000. Legacy Investment Solutions LLC bought a new stake in shares of Citizens Financial Group during the third quarter valued at approximately $48,000. Finally, Duncker Streett & Co. Inc. bought a new stake in shares of Citizens Financial Group during the fourth quarter valued at approximately $51,000. Institutional investors own 94.90% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CFG shares. Compass Point raised their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Piper Sandler raised their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their price objective on Citizens Financial Group from $53.00 to $56.00 and gave the company a "market perform" rating in a report on Tuesday, January 21st. Barclays increased their target price on Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. 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 given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.06.

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Citizens Financial Group Price Performance

Shares of CFG traded up $0.20 during mid-day trading on Friday, hitting $41.19. 17,066,477 shares of the company traded hands, compared to its average volume of 4,521,143. The stock has a market capitalization of $18.00 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 0.81 and a beta of 1.06. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average of $45.12 and a 200 day moving average of $44.11. Citizens Financial Group, Inc. has a one year low of $32.06 and a one year high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.02. The firm 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 business's quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the company earned $0.85 EPS. As a group, equities analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's dividend payout ratio (DPR) is presently 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.