Contravisory Investment Management Inc. Buys 390 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Contravisory Investment Management Inc. lifted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,032 shares of the bank’s stock after buying an additional 390 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Citizens Financial Group were worth $833,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CFG. Costello Asset Management INC bought a new position in shares of Citizens Financial Group in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new stake in Citizens Financial Group in the third quarter valued at approximately $27,000. Catalyst Capital Advisors LLC bought a new position in shares of Citizens Financial Group during the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in Citizens Financial Group during the 3rd quarter valued at $48,000. Finally, Friedenthal Financial bought a new position in Citizens Financial Group during the third quarter worth $50,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Raymond James upgraded Citizens Financial Group from a “market perform” rating to a “strong-buy” rating and set a $55.00 target price on the stock in a research note on Wednesday, December 18th. Barclays upped their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Piper Sandler lifted their target price on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Finally, Compass Point upped their price target 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. Nine 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.78.

Citizens Financial Group Stock Performance

NYSE CFG opened at $47.06 on Thursday. The firm’s fifty day moving average price is $45.62 and its two-hundred day moving average price is $42.48. The stock has a market cap of $20.74 billion, a PE ratio of 18.53, a PEG ratio of 1.76 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. Citizens Financial Group, Inc. has a fifty-two week low of $30.24 and a fifty-two week high of $49.25.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. On average, equities analysts expect that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

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.