Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 75.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 884,840 shares of the bank's stock after buying an additional 381,419 shares during the quarter. Victory Capital Management Inc. owned about 0.20% of Citizens Financial Group worth $38,721,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Costello Asset Management INC acquired a new stake in shares of Citizens Financial Group in the 3rd quarter valued at approximately $25,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Citizens Financial Group in the 4th quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Citizens Financial Group in the 4th quarter valued at approximately $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of Citizens Financial Group in the 3rd quarter valued at approximately $27,000. Finally, Sierra Ocean LLC purchased a new position in Citizens Financial Group in the 4th quarter valued at approximately $47,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Stephens reaffirmed an "overweight" rating and issued a $53.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Barclays raised their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. 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. The Goldman Sachs Group raised their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Truist Financial raised their price objective on Citizens Financial Group from $49.00 to $54.00 and gave the company a "hold" rating in a research note on Tuesday, January 21st. Nine 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $49.00.

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Citizens Financial Group Trading Down 1.7 %

Shares of NYSE:CFG traded down $0.71 during midday trading on Friday, reaching $41.66. The company's stock had a trading volume of 5,011,844 shares, compared to its average volume of 3,877,810. The firm has a market cap of $18.21 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. 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 1 year low of $32.06 and a 1 year high of $49.25. The business has a 50 day moving average price of $45.83 and a 200 day moving average price of $44.24.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share. Research analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced 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 yield of 4.03%. The ex-dividend date was Friday, January 31st. Citizens Financial Group's payout ratio is currently 55.45%.

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.