157,826 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 157,826 shares of the bank's stock, valued at approximately $6,906,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CFG. CHURCHILL MANAGEMENT Corp acquired a new stake in Citizens Financial Group in the 4th quarter worth $8,134,000. BTC Capital Management Inc. grew its position in Citizens Financial Group by 19.8% in the 4th quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank's stock worth $1,882,000 after purchasing an additional 7,119 shares during the last quarter. Patton Fund Management Inc. acquired a new stake in Citizens Financial Group in the 4th quarter worth $6,694,000. AEGON ASSET MANAGEMENT UK Plc grew its position in Citizens Financial Group by 46.8% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank's stock worth $50,430,000 after purchasing an additional 367,439 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in Citizens Financial Group by 19.3% in the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank's stock worth $217,781,000 after purchasing an additional 805,758 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CFG. Barclays lifted their target price on shares of 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. Keefe, Bruyette & Woods lifted their target price on shares of 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. The Goldman Sachs Group lifted their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Piper Sandler lifted their target price 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. Finally, Stephens reiterated an "overweight" rating and set a $53.00 target price on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Citizens Financial Group currently has an average rating of "Moderate Buy" and a consensus price target of $49.22.

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Citizens Financial Group Price Performance

Shares of NYSE CFG traded down $0.40 during trading on Thursday, reaching $40.97. The company had a trading volume of 4,022,287 shares, compared to its average volume of 4,483,768. Citizens Financial Group, Inc. has a 52 week low of $32.06 and a 52 week high of $49.25. The stock has a market cap of $17.91 billion, a PE ratio of 13.52, a PEG ratio of 0.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The business's 50 day moving average price is $45.24 and its 200-day moving average price is $44.13.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its 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 during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The company's revenue was down .1% on a year-over-year basis. Analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's dividend payout ratio 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.