Donoghue Forlines LLC Makes New $1.49 Million Investment in Citizens Financial Group, Inc. (NYSE:CFG)

Donoghue Forlines LLC purchased a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 33,925 shares of the bank's stock, valued at approximately $1,485,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Costello Asset Management INC purchased a new stake in shares of Citizens Financial Group during the third quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new stake in Citizens Financial Group during the 3rd quarter valued at approximately $27,000. Catalyst Capital Advisors LLC acquired a new stake in Citizens Financial Group during the 3rd quarter valued at approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in Citizens Financial Group during the 3rd quarter worth approximately $48,000. Finally, Friedenthal Financial acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at approximately $50,000. Institutional investors and hedge funds own 94.90% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. StockNews.com upgraded shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. DA Davidson boosted their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Evercore ISI cut their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 2nd. Citigroup lifted their price target on Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Finally, Piper Sandler upped their price objective 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 investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Citizens Financial Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.00.

Citizens Financial Group Stock Performance

Shares of CFG traded up $0.33 during midday trading on Thursday, hitting $47.36. 3,845,654 shares of the stock traded hands, compared to its average volume of 4,085,147. The business's 50 day moving average price is $45.71 and its two-hundred day moving average price is $42.91. The firm has a market capitalization of $20.87 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 0.84 and a beta of 1.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. Citizens Financial Group, Inc. has a 1-year low of $30.24 and a 1-year high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1,962,330 billion. During the same period last year, the firm posted $0.85 EPS. Citizens Financial Group's quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts predict that Citizens Financial Group, Inc. will post 3.95 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Friday, January 31st. Citizens Financial Group's dividend payout ratio (DPR) is 55.45%.

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.