Avanza Fonder AB purchased a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 36,476 shares of the bank's stock, valued at approximately $1,596,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CFG. Costello Asset Management INC purchased a new position in shares of Citizens Financial Group in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Citizens Financial Group in the third quarter valued at approximately $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Citizens Financial Group during the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new position in shares of Citizens Financial Group during the 3rd quarter valued at approximately $48,000. Finally, Friedenthal Financial acquired a new stake in Citizens Financial Group in the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 94.90% of the company's stock.
Shares of Citizens Financial Group stock opened at $47.52 on Friday. 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 debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market capitalization of $20.94 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 1.29 and a beta of 1.10. The stock has a 50 day moving average of $45.64 and a 200 day moving average of $42.66.
Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.02. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1,962,330 billion. During the same period last year, the company earned $0.85 EPS. The company's quarterly revenue was down .1% on a year-over-year basis. As a group, research analysts predict that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.
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 dividend yield of 3.54%. Citizens Financial Group's payout ratio is currently 66.14%.
CFG has been the subject of a number of research analyst reports. 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. Raymond James raised shares of Citizens Financial Group from a "market perform" rating to a "strong-buy" rating and set a $55.00 price target on the stock in a research note on Wednesday, December 18th. Royal Bank of Canada boosted their price objective on Citizens Financial Group from $43.00 to $45.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. 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 research report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods boosted their price target on Citizens Financial Group from $46.00 to $53.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $47.78.
Get Our Latest Stock Analysis on 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.
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