Mirae Asset Global Investments Co. Ltd. Has $1.79 Million Position in Citizens Financial Group, Inc. (NYSE:CFG)

Mirae Asset Global Investments Co. Ltd. raised its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 35.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,112 shares of the bank's stock after purchasing an additional 10,833 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Citizens Financial Group were worth $1,793,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Costello Asset Management INC bought a new position in shares of Citizens Financial Group during the 3rd quarter worth about $25,000. Ashton Thomas Securities LLC bought a new position in shares of Citizens Financial Group during the 3rd quarter worth about $27,000. Catalyst Capital Advisors LLC bought a new position in shares of Citizens Financial Group during the 3rd quarter worth about $28,000. Legacy Investment Solutions LLC bought a new position in shares of Citizens Financial Group during the 3rd quarter worth about $48,000. Finally, Claro Advisors LLC bought a new position in shares of Citizens Financial Group during the 3rd quarter worth about $50,000. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Trading Up 0.8 %

Shares of NYSE:CFG traded up $0.38 during trading on Friday, hitting $46.43. 2,325,625 shares of the company's stock were exchanged, compared to its average volume of 3,731,331. Citizens Financial Group, Inc. has a 1-year low of $30.30 and a 1-year high of $49.25. The firm has a 50-day moving average price of $45.76 and a two-hundred day moving average price of $43.72. 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 firm has a market cap of $20.46 billion, a P/E ratio of 15.32, a PEG ratio of 0.84 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same quarter in the previous year, the company earned $0.85 EPS. Citizens Financial Group's revenue was down .1% on a year-over-year basis. Equities analysts predict that Citizens Financial Group, Inc. will post 3.93 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Friday, January 31st. Citizens Financial Group's dividend payout ratio is 55.45%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CFG. Citigroup raised their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Truist Financial lifted their price target on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a "hold" rating in a report on Tuesday, January 21st. The Goldman Sachs Group lifted their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Raymond James reissued a "strong-buy" rating and set a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Finally, Barclays lifted their price target on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.00.

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.