Hager Investment Management Services LLC Invests $237,000 in Citizens Financial Group, Inc. (NYSE:CFG)

Hager Investment Management Services LLC bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,415 shares of the bank's stock, valued at approximately $237,000.

Several other institutional investors have also added to or reduced their stakes in CFG. Mather Group LLC. increased its holdings in shares of Citizens Financial Group by 15.2% during the fourth quarter. Mather Group LLC. now owns 8,632 shares of the bank's stock worth $378,000 after purchasing an additional 1,138 shares during the period. Brown Lisle Cummings Inc. lifted its position in shares of Citizens Financial Group by 9.2% during the 4th quarter. Brown Lisle Cummings Inc. now owns 28,958 shares of the bank's stock valued at $1,267,000 after acquiring an additional 2,450 shares during the period. Optas LLC acquired a new stake in shares of Citizens Financial Group during the 4th quarter worth $204,000. Greenleaf Trust raised its stake in Citizens Financial Group by 2.5% in the fourth quarter. Greenleaf Trust now owns 15,974 shares of the bank's stock valued at $699,000 after purchasing an additional 386 shares in the last quarter. Finally, Avantra Family Wealth Inc. bought a new position in Citizens Financial Group in the 4th quarter valued at about $201,000. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Stock Down 0.8 %

Shares of NYSE:CFG traded down $0.37 during mid-day trading on Friday, hitting $47.96. 2,068,209 shares of the company traded hands, compared to its average volume of 3,876,684. Citizens Financial Group, Inc. has a 12-month low of $30.24 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. The stock has a market cap of $21.13 billion, a P/E ratio of 15.83, a P/E/G ratio of 0.84 and a beta of 1.10. The stock has a 50-day moving average price of $45.77 and a two-hundred day moving average price of $43.61.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. On average, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.93 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.50%. Citizens Financial Group's dividend payout ratio (DPR) is presently 55.45%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CFG shares. Stephens reaffirmed an "overweight" rating and issued a $53.00 target price on shares of Citizens Financial Group in a report on Wednesday, January 29th. Compass Point increased their price target on Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. DA Davidson boosted their price target on Citizens Financial Group from $46.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. StockNews.com raised shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. Finally, Truist Financial upped their target price on Citizens Financial Group from $49.00 to $54.00 and gave the company a "hold" rating in a report on Tuesday, January 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.00.

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.