6,400 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Purchased by Mystic Asset Management Inc.

Mystic Asset Management Inc. acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,400 shares of the bank's stock, valued at approximately $280,000.

Other institutional investors also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new position in Citizens Financial Group during the 4th quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Citizens Financial Group during the 4th quarter valued at $28,000. Sierra Ocean LLC bought a new stake in Citizens Financial Group during the 4th quarter valued at $47,000. Legacy Investment Solutions LLC bought a new stake in Citizens Financial Group during the 3rd quarter valued at $48,000. Finally, Duncker Streett & Co. Inc. bought a new stake in Citizens Financial Group during the 4th quarter valued at $51,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CFG shares. Keefe, Bruyette & Woods increased their target price on Citizens Financial Group from $53.00 to $56.00 and gave the company a "market perform" rating in a research report on Tuesday, January 21st. Raymond James reaffirmed 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 report on Tuesday, January 21st. Stephens reaffirmed an "overweight" rating and set a $53.00 target price on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Morgan Stanley dropped their target price on Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Finally, Piper Sandler raised their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 3rd. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $49.06.

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Citizens Financial Group Stock Up 0.5 %

Citizens Financial Group stock traded up $0.20 during midday trading on Friday, reaching $41.19. The company's stock had a trading volume of 17,066,477 shares, compared to its average volume of 4,518,796. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a market cap of $18.00 billion, a P/E ratio of 13.59, a P/E/G ratio of 0.81 and a beta of 1.06. The business has a 50-day simple moving average of $45.12 and a 200-day simple moving average of $44.10.

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 analysts' consensus estimates of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.96 billion. During the same period last year, the firm earned $0.85 earnings per share. Citizens Financial Group's quarterly revenue was down .1% on a year-over-year basis. On average, research analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 4.08%. The ex-dividend date was 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.