Pacer Advisors Inc. Raises Position in Citizens Financial Group, Inc. (NYSE:CFG)

Pacer Advisors Inc. lifted its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 56.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,981 shares of the bank's stock after buying an additional 18,747 shares during the quarter. Pacer Advisors Inc.'s holdings in Citizens Financial Group were worth $2,275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. My Legacy Advisors LLC boosted its position in shares of Citizens Financial Group by 1.0% during the 4th quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank's stock worth $1,074,000 after purchasing an additional 229 shares in the last quarter. Brooklyn Investment Group boosted its holdings in Citizens Financial Group by 3.3% during the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank's stock worth $320,000 after buying an additional 233 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in Citizens Financial Group by 0.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank's stock worth $1,257,000 after buying an additional 246 shares during the period. Ballentine Partners LLC increased its holdings in Citizens Financial Group by 3.3% in the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank's stock valued at $340,000 after buying an additional 247 shares in the last quarter. Finally, Commerce Bank lifted its position in shares of Citizens Financial Group by 1.9% during the 3rd quarter. Commerce Bank now owns 13,177 shares of the bank's stock valued at $541,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 94.90% of the company's stock.

Wall Street Analyst Weigh In

CFG has been the subject of several research analyst reports. Citigroup raised their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. The Goldman Sachs Group lifted their price target on Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Truist Financial increased their price objective on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a "hold" rating in a research note on Tuesday, January 21st. StockNews.com upgraded shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 17th. Finally, Piper Sandler increased their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an "overweight" rating in a research report on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Citizens Financial Group has a consensus rating of "Moderate Buy" and a consensus target price of $49.00.

Citizens Financial Group Trading Up 1.4 %

Shares of CFG stock traded up $0.65 during trading hours on Tuesday, hitting $47.02. 2,939,065 shares of the company were exchanged, compared to its average volume of 3,943,021. The firm has a fifty day moving average of $45.80 and a 200 day moving average of $43.46. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. 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 cap of $20.72 billion, a PE ratio of 15.52, a PEG 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, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm posted $0.85 earnings per share. Citizens Financial Group's revenue was down .1% on a year-over-year basis. Analysts expect that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Friday, January 31st. Citizens Financial Group's dividend payout ratio (DPR) is presently 55.45%.

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.