Ieq Capital LLC grew its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 536.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 285,654 shares of the bank's stock after purchasing an additional 240,788 shares during the period. Ieq Capital LLC owned about 0.06% of Citizens Financial Group worth $12,500,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in CFG. Costello Asset Management INC bought a new position in Citizens Financial Group in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Citizens Financial Group during the 3rd quarter worth approximately $27,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Citizens Financial Group in the 3rd quarter valued at approximately $28,000. Ameliora Wealth Management Ltd. bought a new position in shares of Citizens Financial Group in the fourth quarter valued at $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Citizens Financial Group during the fourth quarter worth $28,000. Institutional investors own 94.90% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. Stephens reiterated an "overweight" rating and issued a $53.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Compass Point raised their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Piper Sandler boosted their target price on Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a "market perform" rating in a research report on Tuesday, January 21st. Finally, Raymond James restated a "strong-buy" rating and set a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Citizens Financial Group currently has an average rating of "Moderate Buy" and a consensus price target of $49.00.
Get Our Latest Analysis on CFG
Citizens Financial Group Price Performance
Shares of CFG traded down $1.11 during trading hours on Friday, reaching $45.07. The stock had a trading volume of 1,456,603 shares, compared to its average volume of 3,721,679. 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 12 month low of $30.30 and a 12 month high of $49.25. The stock has a market capitalization of $19.70 billion, a PE ratio of 14.86, a PEG ratio of 0.83 and a beta of 1.10. The company's 50-day moving average is $45.80 and its two-hundred day moving average is $43.89.
Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results 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 the consensus estimate of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business's quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. Research analysts expect 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. Shareholders of record on Friday, January 31st were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Friday, January 31st. Citizens Financial Group's payout ratio is 55.45%.
Citizens Financial Group Profile
(
Free Report)
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.
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