SRS Capital Advisors Inc. Buys 10,921 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

SRS Capital Advisors Inc. grew its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 658.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,580 shares of the bank’s stock after buying an additional 10,921 shares during the period. SRS Capital Advisors Inc.’s holdings in Citizens Financial Group were worth $551,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Citizens Financial Group during the fourth quarter valued at about $8,134,000. BTC Capital Management Inc. increased its position in shares of Citizens Financial Group by 19.8% during the fourth quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock valued at $1,882,000 after buying an additional 7,119 shares during the period. Patton Fund Management Inc. bought a new stake in shares of Citizens Financial Group during the fourth quarter valued at about $6,694,000. AEGON ASSET MANAGEMENT UK Plc increased its position in shares of 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. Finally, Versor Investments LP bought a new position in shares of Citizens Financial Group in the third quarter worth approximately $1,910,000. 94.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CFG has been the topic of several research analyst reports. Raymond James restated a “strong-buy” rating and issued a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Barclays upped their price objective on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. The Goldman Sachs Group upped their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods upped their price objective on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. Finally, Piper Sandler upped their price objective on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

Citizens Financial Group Stock Performance

NYSE:CFG opened at $45.04 on Tuesday. The firm has a market cap of $19.69 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10. Citizens Financial Group, Inc. has a fifty-two week low of $31.70 and a fifty-two week 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. The business has a 50 day moving average price of $45.93 and a 200-day moving average price of $44.22.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Equities research analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

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.