StoneX Group Inc. Acquires 10,099 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

StoneX Group Inc. increased its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 21.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,769 shares of the bank's stock after acquiring an additional 10,099 shares during the period. StoneX Group Inc.'s holdings in Citizens Financial Group were worth $2,528,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Citizens Financial Group in the fourth quarter valued at about $8,134,000. BTC Capital Management Inc. grew its stake in shares of Citizens Financial Group by 19.8% in the fourth 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. purchased a new position in Citizens Financial Group during the 4th quarter valued at about $6,694,000. AEGON ASSET MANAGEMENT UK Plc raised its position in Citizens Financial Group by 46.8% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank's stock valued at $50,430,000 after purchasing an additional 367,439 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings 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 buying an additional 805,758 shares during the period. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Citizens Financial Group Stock Down 5.4 %

CFG stock traded down $1.94 during midday trading on Friday, hitting $34.28. The company's stock had a trading volume of 8,826,677 shares, compared to its average volume of 4,713,028. The firm's 50-day moving average is $43.78 and its 200-day moving average is $44.08. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a 12 month low of $32.06 and a 12 month high of $49.25. The company has a market cap of $14.98 billion, a PE ratio of 11.31, a P/E/G ratio of 0.81 and a beta of 0.81.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the company posted $0.85 earnings per share. The company's quarterly revenue was down .1% on a year-over-year basis. On average, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.90%. Citizens Financial Group's dividend payout ratio is presently 55.45%.

Analyst Ratings Changes

CFG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday. Citigroup cut their target price on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Truist Financial decreased their price target on shares of Citizens Financial Group from $54.00 to $51.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Raymond James reaffirmed a "strong-buy" rating and set a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Finally, Morgan Stanley decreased their target price 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, March 13th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $49.06.

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.