Kingswood Wealth Advisors LLC purchased a new stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 13,016 shares of the bank's stock, valued at approximately $570,000.
Other institutional investors have also recently bought and sold shares of the company. Costello Asset Management INC acquired a new stake in shares of Citizens Financial Group in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new position in Citizens Financial Group in the third quarter valued at about $27,000. Catalyst Capital Advisors LLC acquired a new stake in Citizens Financial Group in the third quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new stake in Citizens Financial Group in the third quarter worth about $48,000. Finally, Friedenthal Financial bought a new stake in Citizens Financial Group during the 3rd quarter worth about $50,000. Institutional investors own 94.90% of the company's stock.
Citizens Financial Group Stock Down 2.0 %
Shares of CFG stock traded down $0.96 during trading hours on Friday, hitting $47.40. 5,102,366 shares of the company were exchanged, compared to its average volume of 3,469,515. Citizens Financial Group, Inc. has a 52 week low of $30.24 and a 52 week 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 business has a 50 day moving average of $45.84 and a two-hundred day moving average of $43.40. The company has a market capitalization of $20.89 billion, a PE ratio of 15.64, a PEG ratio of 0.83 and a beta of 1.10.
Citizens Financial Group (NYSE:CFG - Get Free Report) last released its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.02. The firm had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company'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. Analysts anticipate that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current fiscal year.
Citizens Financial Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Friday, January 31st. Citizens Financial Group's dividend payout ratio is presently 55.45%.
Analyst Ratings Changes
CFG has been the subject of several analyst reports. Compass Point lifted their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Stephens reaffirmed an "overweight" rating and set a $53.00 target price on shares of Citizens Financial Group in a report on Wednesday. DA Davidson upped their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Raymond James restated a "strong-buy" rating and issued a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Finally, Piper Sandler upped their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the company an "overweight" rating in a report on Tuesday, December 3rd. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $49.00.
View Our Latest Analysis on CFG
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.
See Also
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