Delta Financial Group Inc. Acquires Shares of 5,900 Citizens Financial Group, Inc. (NYSE:CFG)

Delta Financial Group Inc. acquired a new position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,900 shares of the bank's stock, valued at approximately $258,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp increased its holdings in Citizens Financial Group by 6.7% in the third quarter. State Street Corp now owns 25,826,368 shares of the bank's stock worth $1,060,689,000 after purchasing an additional 1,615,144 shares in the last quarter. Wellington Management Group LLP increased its stake in Citizens Financial Group by 207.2% in the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank's stock valued at $339,733,000 after purchasing an additional 5,579,313 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Citizens Financial Group by 19.3% during the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank's stock valued at $217,781,000 after purchasing an additional 805,758 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Citizens Financial Group by 11.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,144,635 shares of the bank's stock worth $129,150,000 after purchasing an additional 334,386 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Citizens Financial Group by 51.1% during the 3rd quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank's stock worth $107,897,000 after purchasing an additional 894,322 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Stock Performance

Shares of CFG stock traded up $0.16 during trading on Thursday, hitting $45.15. The company's stock had a trading volume of 2,800,487 shares, compared to its average volume of 3,713,836. 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 company has a market cap of $19.74 billion, a PE ratio of 14.90, a P/E/G ratio of 0.81 and a beta of 1.10. The business has a fifty day moving average of $45.80 and a 200-day moving average of $44.08. Citizens Financial Group, Inc. has a 52 week low of $30.54 and a 52 week 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.02. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. As a group, research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.72%. The ex-dividend date was Friday, January 31st. Citizens Financial Group's dividend payout ratio is 55.45%.

Wall Street Analyst Weigh In

A number of analysts recently commented on CFG shares. Raymond James reaffirmed a "strong-buy" rating and set a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods boosted 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. Piper Sandler increased their target price on Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. The Goldman Sachs Group lifted their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, Citigroup upped their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.