Mediolanum International Funds Ltd Makes New $619,000 Investment in Citizens Financial Group, Inc. (NYSE:CFG)

Mediolanum International Funds Ltd purchased a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 14,234 shares of the bank's stock, valued at approximately $619,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CFG. Costello Asset Management INC bought a new position in shares of Citizens Financial Group in the third quarter worth about $25,000. Ashton Thomas Securities LLC bought a new position in Citizens Financial Group in the 3rd quarter worth about $27,000. Catalyst Capital Advisors LLC purchased a new position in shares of Citizens Financial Group during the third quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new stake in shares of Citizens Financial Group during the third quarter valued at approximately $48,000. Finally, Friedenthal Financial purchased a new stake in shares of Citizens Financial Group in the third quarter valued at approximately $50,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CFG has been the topic of several research reports. Piper Sandler raised their price target on Citizens Financial Group from $48.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday, December 3rd. Stephens reiterated an "overweight" rating and set a $53.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Citigroup boosted their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Royal Bank of Canada increased their target price on Citizens Financial Group from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods boosted their price target on 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. Nine equities 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.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $49.00.

Citizens Financial Group Stock Performance

Shares of NYSE:CFG traded up $0.69 on Thursday, hitting $48.34. 3,169,101 shares of the company were exchanged, compared to its average volume of 3,870,578. 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's 50 day moving average price is $45.77 and its 200 day moving average price is $43.53. Citizens Financial Group, Inc. has a 1-year low of $30.24 and a 1-year high of $49.25. The firm has a market capitalization of $21.30 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 0.83 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $1.99 billion for 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 company's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. Sell-side analysts predict that Citizens Financial Group, Inc. will post 3.94 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.48%. The ex-dividend date is Friday, January 31st. Citizens Financial Group's payout ratio is 55.45%.

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.