Atomi Financial Group Inc. raised its position in Citizens Financial Group, Inc. (NYSE:CFG – Free Report) by 15.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,521 shares of the bank’s stock after purchasing an additional 896 shares during the period. Atomi Financial Group Inc.’s holdings in Citizens Financial Group were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sei Investments Co. raised its holdings in Citizens Financial Group by 2.6% during the second quarter. Sei Investments Co. now owns 219,866 shares of the bank’s stock worth $7,922,000 after purchasing an additional 5,627 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in Citizens Financial Group by 4.5% in the second quarter. Public Sector Pension Investment Board now owns 77,114 shares of the bank’s stock valued at $2,778,000 after purchasing an additional 3,335 shares during the period. Evergreen Capital Management LLC purchased a new position in shares of Citizens Financial Group in the 2nd quarter worth $205,000. AXA S.A. lifted its position in Citizens Financial Group by 113.3% during the second quarter. AXA S.A. now owns 30,763 shares of the bank’s stock valued at $1,108,000 after buying an additional 16,338 shares in the last quarter. Finally, MBB Public Markets I LLC acquired a new stake in shares of Citizens Financial Group in the second quarter valued at about $1,233,000. 94.90% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have recently weighed in on CFG shares. Barclays raised their price target 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. DA Davidson upped their price objective on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Evercore ISI reduced their price objective on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research report on Wednesday, October 2nd. Compass Point raised their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods increased their price target 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. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Citizens Financial Group currently has an average rating of “Moderate Buy” and an average price target of $49.00.
Citizens Financial Group Stock Up 0.2 %
Shares of CFG stock opened at $47.44 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a 12 month low of $30.24 and a 12 month high of $49.25. The stock has a 50 day moving average of $45.74 and a 200-day moving average of $43.07. The firm has a market cap of $20.91 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 0.82 and a beta of 1.10.
Citizens Financial Group (NYSE:CFG – Get Free Report) last posted its quarterly earnings results 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 net margin of 12.21% and a return on equity of 6.75%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1,962,330 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities analysts predict 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. Shareholders of record on Friday, January 31st will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.54%. The ex-dividend date is Friday, January 31st. Citizens Financial Group’s payout ratio 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.
Featured Stories
- Five stocks we like better than Citizens Financial Group
- How to Calculate Retirement Income: MarketBeat’s Calculator
- MP Materials: Rare Earth Elements Powering the EV Boom
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Verizon’s Turnaround Gains Traction: New Highs Are Likely in 2025
- What is a buyback in stocks? A comprehensive guide for investors
- Bloom Energy: Powering the Future With Decentralized Energy
Want to see what other hedge funds are holding CFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens Financial Group, Inc. (NYSE:CFG – Free Report).
Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.