Donoghue Forlines LLC Invests $1.49 Million in Citizens Financial Group, Inc. (NYSE:CFG)

Donoghue Forlines LLC purchased a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,925 shares of the bank’s stock, valued at approximately $1,485,000.

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

Analyst Ratings Changes

CFG has been the subject of several recent research reports. Royal Bank of Canada boosted their price target on Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Piper Sandler raised their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Citigroup raised their price target on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, DA Davidson upped 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 report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given 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 price target of $49.00.

Citizens Financial Group Trading Up 0.8 %

NYSE CFG opened at $47.40 on Thursday. The firm has a market cap of $20.89 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 0.84 and a beta of 1.10. Citizens Financial Group, Inc. has a 52 week low of $30.24 and a 52 week high of $49.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average price of $45.71 and a 200 day moving average price of $42.91.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1,962,330 billion. During the same period in the prior year, the company posted $0.85 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.95 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.54%. Citizens Financial Group’s dividend payout ratio (DPR) is 55.45%.

Citizens Financial Group Company Profile

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.