SG Americas Securities LLC Buys 304,553 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

SG Americas Securities LLC lifted its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 1,073.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 332,912 shares of the bank's stock after buying an additional 304,553 shares during the period. SG Americas Securities LLC owned approximately 0.08% of Citizens Financial Group worth $14,568,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CFG. My Legacy Advisors LLC lifted its holdings 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 acquiring an additional 229 shares during the period. Brooklyn Investment Group raised its position in Citizens Financial Group by 3.3% during the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank's stock valued at $320,000 after purchasing an additional 233 shares in the last quarter. SeaCrest Wealth Management LLC lifted its stake 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 purchasing an additional 246 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of Citizens Financial Group by 3.3% in the 4th quarter. Ballentine Partners LLC now owns 7,777 shares of the bank's stock valued at $340,000 after purchasing an additional 247 shares in the last quarter. Finally, Commerce Bank increased its stake in shares of Citizens Financial Group by 1.9% in the 3rd quarter. Commerce Bank now owns 13,177 shares of the bank's stock valued at $541,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Stock Up 0.2 %

CFG traded up $0.10 during midday trading on Friday, hitting $47.44. The company had a trading volume of 2,317,641 shares, compared to its average volume of 3,967,308. The company has a market capitalization of $20.91 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 0.82 and a beta of 1.10. The stock's 50 day moving average price is $45.73 and its 200 day moving average price is $42.94. 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 52 week low of $30.24 and a 52 week high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1,962,330 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm's revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. On average, research analysts anticipate that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Friday, January 31st. Citizens Financial Group's payout ratio is currently 55.45%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Piper Sandler raised their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday, December 3rd. Raymond James restated a "strong-buy" rating and issued a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a research note on Tuesday. Compass Point increased their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. DA Davidson boosted their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group upped their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Nine investment 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.00.

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.