Hussman Strategic Advisors Inc. Acquires New Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Hussman Strategic Advisors Inc. bought a new position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 42,000 shares of the bank's stock, valued at approximately $1,838,000.

Several other institutional investors and hedge funds have also modified their holdings of CFG. State Street Corp raised its position in Citizens Financial Group by 6.7% in the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank's stock valued at $1,060,689,000 after purchasing an additional 1,615,144 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Citizens Financial Group by 207.2% in the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank's stock valued at $339,733,000 after buying an additional 5,579,313 shares during the last quarter. Nordea Investment Management AB lifted its position in Citizens Financial Group by 19.3% during the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank's stock worth $217,781,000 after buying an additional 805,758 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Citizens Financial Group by 11.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,144,635 shares of the bank's stock worth $129,150,000 after buying an additional 334,386 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in Citizens Financial Group by 51.1% during the 3rd quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank's stock worth $107,897,000 after acquiring an additional 894,322 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Trading Down 2.8 %

NYSE:CFG traded down $1.32 during trading hours on Friday, hitting $44.87. The stock had a trading volume of 2,873,771 shares, compared to its average volume of 3,767,096. The business's 50 day moving average is $45.80 and its 200-day moving average is $43.89. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $19.61 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 0.83 and a beta of 1.10. Citizens Financial Group, Inc. has a one year low of $30.30 and a one year high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.02. The business 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 quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. Sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently declared 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. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's dividend payout ratio is currently 55.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CFG shares. The Goldman Sachs Group boosted their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Truist Financial boosted their price objective on shares of Citizens Financial Group from $49.00 to $54.00 and gave the stock a "hold" rating in a research report on Tuesday, January 21st. Raymond James reiterated a "strong-buy" rating and issued a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Stephens restated an "overweight" rating and set a $53.00 target price on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Finally, Compass Point raised their price target on Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Citizens Financial Group presently has an average rating of "Moderate Buy" and an average price target of $49.00.

About Citizens Financial Group

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.