Greenleaf Trust Increases Position in Citizens Financial Group, Inc. (NYSE:CFG)

Greenleaf Trust raised its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,974 shares of the bank’s stock after buying an additional 386 shares during the period. Greenleaf Trust’s holdings in Citizens Financial Group were worth $699,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp purchased a new stake in Citizens Financial Group during the fourth quarter valued at about $8,134,000. AEGON ASSET MANAGEMENT UK Plc boosted its position in Citizens Financial Group by 46.8% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock valued at $50,430,000 after buying an additional 367,439 shares during the period. Versor Investments LP purchased a new stake in Citizens Financial Group during the third quarter valued at about $1,910,000. Nordea Investment Management AB boosted its position in Citizens Financial Group by 19.3% during the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock valued at $217,781,000 after buying an additional 805,758 shares during the period. Finally, Patton Fund Management Inc. purchased a new stake in Citizens Financial Group during the fourth quarter valued at about $6,694,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $47.02 on Wednesday. Citizens Financial Group, Inc. has a fifty-two week low of $30.24 and a fifty-two week high of $49.25. The company has a 50 day simple moving average of $45.80 and a two-hundred day simple moving average of $43.46. The company has a market capitalization of $20.72 billion, a price-to-earnings ratio of 15.52, a P/E/G ratio of 0.83 and a beta of 1.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. Analysts expect that Citizens Financial Group, Inc. will post 3.94 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, January 31st. Citizens Financial Group’s payout ratio is 55.45%.

Analyst Ratings Changes

Several research firms have issued reports on CFG. The Goldman Sachs Group upped their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Compass Point upped their price objective 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. DA Davidson upped their price objective on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Stephens reaffirmed an “overweight” rating and set a $53.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Finally, Piper Sandler upped their price objective on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Nine research 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 MarketBeat, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

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.