Citizens Financial Group, Inc. (NYSE:CFG) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd boosted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 91.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,405 shares of the bank's stock after buying an additional 6,885 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Citizens Financial Group were worth $631,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. purchased a new stake in shares of Citizens Financial Group in the 4th quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Citizens Financial Group during the fourth quarter worth about $28,000. Sierra Ocean LLC purchased a new stake in Citizens Financial Group during the fourth quarter worth about $47,000. Legacy Investment Solutions LLC purchased a new position in shares of Citizens Financial Group in the third quarter valued at approximately $48,000. Finally, Duncker Streett & Co. Inc. acquired a new position in shares of Citizens Financial Group in the fourth quarter valued at approximately $51,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Stock Performance

Shares of NYSE CFG remained flat at $42.24 during trading hours on Tuesday. The company had a trading volume of 4,050,250 shares, compared to its average volume of 4,518,504. The business's fifty day simple moving average is $45.08 and its 200-day simple moving average is $44.13. The stock has a market capitalization of $18.46 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. 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 $32.06 and a 1 year high of $49.25.

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Citizens Financial Group (NYSE:CFG - Get Free Report) last posted 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 return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The company's revenue was down .1% compared to the same quarter last year. On average, equities analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.98%. Citizens Financial Group's payout ratio is 55.45%.

Wall Street Analyst Weigh In

Several equities analysts have commented on CFG shares. The Goldman Sachs Group raised 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. Barclays lifted their target price 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. Keefe, Bruyette & Woods upped their price target on Citizens Financial Group from $53.00 to $56.00 and gave the stock a "market perform" rating in a report on Tuesday, January 21st. Piper Sandler increased their price target on Citizens Financial Group from $48.00 to $53.00 and gave the company an "overweight" rating in a research report on Tuesday, December 3rd. Finally, Truist Financial lowered their price objective on Citizens Financial Group from $54.00 to $51.00 and set a "hold" rating for the company in a research report on Friday. 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $48.67.

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.