Mediolanum International Funds Ltd Invests $619,000 in Citizens Financial Group, Inc. (NYSE:CFG)

Mediolanum International Funds Ltd acquired a new position in Citizens Financial Group, Inc. (NYSE:CFG) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 14,234 shares of the bank’s stock, valued at approximately $619,000.

A number of other large investors also recently modified their holdings of the company. Gries Financial LLC raised its holdings in shares of Citizens Financial Group by 23.3% in the 4th quarter. Gries Financial LLC now owns 7,755 shares of the bank’s stock worth $339,000 after purchasing an additional 1,466 shares during the period. Ibex Wealth Advisors purchased a new position in shares of Citizens Financial Group in the 4th quarter worth about $7,036,000. Swedbank AB raised its holdings in shares of Citizens Financial Group by 8.6% in the 4th quarter. Swedbank AB now owns 363,182 shares of the bank’s stock worth $15,893,000 after purchasing an additional 28,745 shares during the period. Forsta AP Fonden raised its holdings in shares of Citizens Financial Group by 0.3% during the 4th quarter. Forsta AP Fonden now owns 118,700 shares of the bank’s stock valued at $5,194,000 after buying an additional 400 shares during the period. Finally, Patton Fund Management Inc. purchased a new stake in shares of Citizens Financial Group during the 4th quarter valued at about $6,694,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on CFG. The Goldman Sachs Group raised their target price on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Piper Sandler raised their target price on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Compass Point raised their target price on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, DA Davidson raised their target price on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $49.00.

Citizens Financial Group Price Performance

Shares of CFG opened at $47.40 on Monday. The firm has a market cap of $20.89 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 0.83 and a beta of 1.10. The stock has a 50 day moving average of $45.84 and a 200-day moving average of $43.40. 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 52 week low of $30.24 and a 52 week high of $49.25.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data 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 business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts forecast that Citizens Financial Group, Inc. will post 3.94 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.42 per share. The ex-dividend date 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 is currently 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.