Strategic Advisors LLC Grows Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Strategic Advisors LLC raised its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 7.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,770 shares of the bank’s stock after buying an additional 1,570 shares during the period. Strategic Advisors LLC’s holdings in Citizens Financial Group were worth $953,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Costello Asset Management INC purchased a new position in shares of Citizens Financial Group during the third quarter worth $25,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Citizens Financial Group during the fourth quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Citizens Financial Group during the fourth quarter worth $28,000. Ashton Thomas Securities LLC purchased a new position in shares of Citizens Financial Group during the third quarter worth $27,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Citizens Financial Group during the third quarter worth $28,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $46.43 on Monday. The stock’s 50-day moving average is $45.75 and its two-hundred day moving average is $43.74. The firm has a market cap of $20.46 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 0.84 and a beta of 1.10. Citizens Financial Group, Inc. has a 1 year low of $30.30 and a 1 year high of $49.25. 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 issued its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping 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 $1.96 billion. During the same quarter last year, the company posted $0.85 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. Analysts predict that Citizens Financial Group, Inc. will post 3.93 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CFG shares. Stephens reiterated an “overweight” rating and issued a $53.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Piper Sandler increased 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. Raymond James reiterated a “strong-buy” rating and issued a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods increased their price objective on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. Finally, Truist Financial increased 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 research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $49.00.

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.