DRW Securities LLC Invests $4.37 Million in Citizens Financial Group, Inc. (NYSE:CFG)

DRW Securities LLC bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 99,875 shares of the bank's stock, valued at approximately $4,371,000.

Several other large investors also recently modified their holdings of CFG. Ameliora Wealth Management Ltd. bought a new position in shares of Citizens Financial Group in the fourth quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Citizens Financial Group during the 4th quarter valued at about $28,000. Sierra Ocean LLC bought a new stake in shares of Citizens Financial Group during the fourth quarter valued at about $47,000. Duncker Streett & Co. Inc. purchased a new stake in shares of Citizens Financial Group in the fourth quarter worth about $51,000. Finally, SBI Securities Co. Ltd. purchased a new position in Citizens Financial Group during the fourth quarter valued at approximately $66,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on CFG shares. JPMorgan Chase & Co. cut their price target on shares of Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Citigroup reduced their target price on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Barclays raised their price target on Citizens Financial Group from $47.00 to $52.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Truist Financial cut their price objective on Citizens Financial Group from $54.00 to $51.00 and set a "hold" rating for the company in a report on Friday, March 21st. Finally, Keefe, Bruyette & Woods raised 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. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $49.06.

Remove Ads

Citizens Financial Group Stock Up 0.7 %

CFG stock traded up $0.24 during midday trading on Monday, hitting $35.06. The company's stock had a trading volume of 2,799,940 shares, compared to its average volume of 4,766,911. The company has a market cap of $15.33 billion, a PE ratio of 11.57, a P/E/G ratio of 0.81 and a beta of 0.81. The firm's 50-day moving average is $42.10 and its 200-day moving average is $43.80. Citizens Financial Group, Inc. has a 12 month low of $32.06 and a 12 month high of $49.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $1.96 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The firm's quarterly revenue was down .1% on a year-over-year basis. On average, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.79%. Citizens Financial Group's payout ratio is currently 55.45%.

Citizens Financial Group Company 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.