Fort Sheridan Advisors LLC Grows Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Fort Sheridan Advisors LLC increased its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 155.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,532 shares of the bank's stock after buying an additional 11,880 shares during the period. Fort Sheridan Advisors LLC's holdings in Citizens Financial Group were worth $855,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CFG. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Citizens Financial Group by 39.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,279 shares of the bank's stock valued at $1,235,000 after acquiring an additional 8,579 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Citizens Financial Group by 35.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 104,219 shares of the bank's stock valued at $4,280,000 after buying an additional 27,152 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Citizens Financial Group by 0.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 275,006 shares of the bank's stock valued at $11,171,000 after buying an additional 2,306 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Citizens Financial Group by 5.2% during the third quarter. State of Alaska Department of Revenue now owns 52,074 shares of the bank's stock valued at $2,138,000 after buying an additional 2,590 shares during the last quarter. Finally, First Trust Direct Indexing L.P. increased its position in shares of Citizens Financial Group by 20.7% during the third quarter. First Trust Direct Indexing L.P. now owns 15,010 shares of the bank's stock worth $616,000 after acquiring an additional 2,579 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Price Performance

NYSE CFG traded down $0.73 on Monday, reaching $45.04. 3,626,180 shares of the company's stock traded hands, compared to its average volume of 3,714,256. The stock has a market cap of $19.69 billion, a PE ratio of 14.86, a P/E/G ratio of 0.81 and a beta of 1.10. Citizens Financial Group, Inc. has a 12 month low of $31.70 and a 12 month high of $49.25. The stock has a 50-day simple moving average of $45.90 and a 200 day simple moving average of $44.19. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85.

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 company had revenue of $1.99 billion during the quarter, compared to analysts' expectations 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 revenue 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 predict 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 announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's dividend payout ratio is presently 55.45%.

Analyst Ratings Changes

CFG has been the subject of a number of analyst reports. Raymond James reiterated a "strong-buy" rating and set a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Stephens reaffirmed an "overweight" rating and set a $53.00 target price on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Compass Point upped their price target on Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Piper Sandler lifted their price objective on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. Finally, Truist Financial boosted their price target on shares of Citizens Financial Group from $49.00 to $54.00 and gave the stock a "hold" rating in a report on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Citizens Financial Group currently has a consensus rating of "Moderate Buy" and an average target price of $49.00.

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.