Poinciana Advisors Group LLC Purchases New Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Poinciana Advisors Group LLC bought a new stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,093 shares of the bank's stock, valued at approximately $310,000.

A number of other hedge funds also recently modified their holdings of CFG. State Street Corp increased its position in Citizens Financial Group by 6.7% during the third quarter. State Street Corp now owns 25,826,368 shares of the bank's stock worth $1,060,689,000 after buying an additional 1,615,144 shares during the last quarter. Wellington Management Group LLP increased its position in Citizens Financial Group by 207.2% during the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank's stock worth $339,733,000 after buying an additional 5,579,313 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Citizens Financial Group by 19.3% in the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank's stock valued at $217,781,000 after purchasing an additional 805,758 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Citizens Financial Group by 31.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank's stock valued at $155,051,000 after purchasing an additional 839,041 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Citizens Financial Group by 11.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,144,635 shares of the bank's stock valued at $129,150,000 after purchasing an additional 334,386 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

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Citizens Financial Group Price Performance

Shares of NYSE CFG traded up $0.38 during mid-day trading on Wednesday, hitting $41.34. 3,510,361 shares of the stock were exchanged, compared to its average volume of 4,489,211. The company has a market cap of $18.07 billion, a P/E ratio of 13.64, a PEG ratio of 0.81 and a beta of 1.06. The stock's fifty day simple moving average is $45.31 and its two-hundred day simple moving average is $44.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. Citizens Financial Group, Inc. has a twelve month low of $32.06 and a twelve month high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company's revenue was down .1% on a year-over-year basis. During the same quarter last year, the business posted $0.85 earnings per share. As a group, analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date was Friday, January 31st. Citizens Financial Group's dividend payout ratio is currently 55.45%.

Analyst Ratings Changes

CFG has been the topic of several research analyst 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 report on Tuesday, December 3rd. Barclays raised their price target on Citizens Financial Group from $47.00 to $52.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th. The Goldman Sachs Group raised their price target on Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Morgan Stanley lowered their price target 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, Citigroup increased their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Nine 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. Based on data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of "Moderate Buy" and an average target price of $49.22.

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.