Citizens Financial Group Inc. RI Buys New Position in MoneyLion Inc. (NYSE:ML)

Citizens Financial Group Inc. RI purchased a new position in shares of MoneyLion Inc. (NYSE:ML - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,600 shares of the company's stock, valued at approximately $310,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Covestor Ltd increased its stake in MoneyLion by 63.6% during the 3rd quarter. Covestor Ltd now owns 656 shares of the company's stock worth $27,000 after buying an additional 255 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of MoneyLion in the third quarter worth $894,000. GSA Capital Partners LLP increased its position in shares of MoneyLion by 10.4% during the third quarter. GSA Capital Partners LLP now owns 14,427 shares of the company's stock worth $599,000 after acquiring an additional 1,360 shares during the period. Empowered Funds LLC raised its stake in shares of MoneyLion by 5.2% in the third quarter. Empowered Funds LLC now owns 35,246 shares of the company's stock valued at $1,464,000 after acquiring an additional 1,742 shares in the last quarter. Finally, Quest Partners LLC boosted its holdings in MoneyLion by 3,016.7% in the third quarter. Quest Partners LLC now owns 3,927 shares of the company's stock valued at $163,000 after purchasing an additional 3,801 shares during the period. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

MoneyLion Trading Up 0.2 %

ML stock opened at $86.17 on Friday. The stock has a market cap of $975.48 million, a P/E ratio of 391.70 and a beta of 3.04. MoneyLion Inc. has a twelve month low of $36.65 and a twelve month high of $106.82. The company's 50 day moving average is $86.72 and its two-hundred day moving average is $70.23.

Analysts Set New Price Targets

Several brokerages have weighed in on ML. Needham & Company LLC restated a "hold" rating on shares of MoneyLion in a report on Friday, March 7th. Northland Securities upped their target price on shares of MoneyLion from $80.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Lake Street Capital reaffirmed a "hold" rating and issued a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Finally, B. Riley cut shares of MoneyLion from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $133.00 to $90.00 in a report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, MoneyLion presently has an average rating of "Moderate Buy" and a consensus target price of $92.83.

Remove Ads

Insider Buying and Selling

In other news, CFO Richard Correia sold 3,502 shares of MoneyLion stock in a transaction on Monday, February 24th. The shares were sold at an average price of $85.76, for a total value of $300,331.52. Following the transaction, the chief financial officer now directly owns 182,570 shares of the company's stock, valued at $15,657,203.20. The trade was a 1.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adam Vanwagner sold 5,326 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $464,746.76. Following the sale, the insider now owns 85,306 shares of the company's stock, valued at approximately $7,443,801.56. This represents a 5.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,403 shares of company stock worth $5,245,538 in the last ninety days. 11.90% of the stock is owned by corporate insiders.

About MoneyLion

MoneyLion Inc, a financial technology company, provides personalized products and financial content for American consumers. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include RoarMoney, an insured digital demand deposit account; Instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus membership program; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; Roundups, which provides features designed to encourage customers to establish good saving and investing habits; and MoneyLion Crypto, an online cryptocurrency account.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.