Great Lakes Advisors LLC Buys 9,564 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Great Lakes Advisors LLC raised its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 138.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,450 shares of the bank's stock after acquiring an additional 9,564 shares during the quarter. Great Lakes Advisors LLC's holdings in Citizens Financial Group were worth $720,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. bought a new stake in shares of Citizens Financial Group in the 4th quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Citizens Financial Group in the 4th quarter valued at approximately $28,000. Sierra Ocean LLC bought a new position in Citizens Financial Group in the 4th quarter valued at approximately $47,000. Legacy Investment Solutions LLC bought a new position in Citizens Financial Group in the 3rd quarter valued at approximately $48,000. Finally, Duncker Streett & Co. Inc. bought a new position in Citizens Financial Group in the 4th quarter valued at approximately $51,000. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Trading Down 1.0 %

CFG traded down $0.40 on Thursday, hitting $40.97. The company had a trading volume of 4,063,800 shares, compared to its average volume of 4,145,116. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a market cap of $17.91 billion, a PE ratio of 13.52, a PEG ratio of 0.81 and a beta of 1.06. Citizens Financial Group, Inc. has a 12-month low of $32.06 and a 12-month high of $49.25. The business's fifty day simple moving average is $45.24 and its 200 day simple moving average is $44.13.

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Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. Equities research analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's payout ratio is currently 55.45%.

Analyst Ratings Changes

Several research firms recently issued reports on CFG. Truist Financial upped their price objective on Citizens Financial Group from $49.00 to $54.00 and gave the company a "hold" rating in a research report on Tuesday, January 21st. Citigroup upped their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods boosted their target price on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a "market perform" rating in a research note on Tuesday, January 21st. The Goldman Sachs Group boosted their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Stephens reiterated an "overweight" rating and set a $53.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Citizens Financial Group has an average rating of "Moderate Buy" and an average price target of $49.22.

Citizens Financial Group 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.