Raymond James Financial Inc. purchased a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,290,756 shares of the bank's stock, valued at approximately $56,483,000. Raymond James Financial Inc. owned approximately 0.29% of Citizens Financial Group at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Citizens Financial Group during the third quarter worth $27,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Citizens Financial Group during the 4th quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Citizens Financial Group during the 4th quarter worth about $28,000. Sierra Ocean LLC purchased a new stake in Citizens Financial Group during the 4th quarter worth about $47,000. Finally, Legacy Investment Solutions LLC bought a new position in Citizens Financial Group in the 3rd quarter worth about $48,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.
Citizens Financial Group Trading Up 2.5 %
Citizens Financial Group stock traded up $0.99 during trading hours on Friday, reaching $40.72. The company had a trading volume of 4,880,487 shares, compared to its average volume of 4,569,909. The firm has a market cap of $17.80 billion, a price-to-earnings ratio of 13.44, a P/E/G ratio of 0.81 and a beta of 1.06. Citizens Financial Group, Inc. has a 12-month low of $32.06 and a 12-month high of $49.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The company has a 50-day moving average price of $45.54 and a 200 day moving average price of $44.17.
Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating 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 business had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The firm's revenue for the quarter was down .1% compared to the same quarter last year. Equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.
Citizens Financial Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 4.13%. Citizens Financial Group's dividend payout ratio (DPR) is presently 55.45%.
Analyst Ratings Changes
CFG has been the subject of a number of analyst reports. Stephens restated an "overweight" rating and issued a $53.00 price objective on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Piper Sandler boosted 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. Citigroup increased their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. The Goldman Sachs Group boosted their target price on Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, Morgan Stanley dropped their price target on Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.22.
Check Out Our Latest Analysis on Citizens Financial Group
Citizens Financial Group Profile
(
Free Report)
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.
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