19 hours Ago By ABMN Staff
Empowered Funds LLC raised its stake in Citizens Financial Group, Inc. ( NYSE:CFG – Free Report ) by 10.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission.
The fund owned 8,284 shares of the bank’s stock after buying an additional 797 shares during the period. Empowered Funds LLC’s holdings in Citizens Financial Group were worth $363,000 as of its most recent SEC filing. Other institutional investors and hedge funds also recently made changes to their positions in the company.
State Street Corp boosted its holdings in Citizens Financial Group by 6.7% in the third quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock valued at $1,060,689,000 after acquiring an additional 1,615,144 shares during the last quarter.
Wellington Management Group LLP boosted its stake in shares of Citizens Financial Group by 207.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock valued at $339,733,000 after purchasing an additional 5,579,313 shares during the last quarter.
Nordea Investment Management AB boosted its stake in shares of Citizens Financial Group by 19.3% in the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock valued at $217,781,000 after purchasing an additional 805,758 shares during the last quarter.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Citizens Financial Group by 11.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,144,635 shares of the bank’s stock worth $129,150,000 after buying an additional 334,386 shares during the period.
Finally, Bank of Montreal Can raised its stake in Citizens Financial Group by 51.1% during the third quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank’s stock worth $107,897,000 after buying an additional 894,322 shares during the last quarter.
Institutional investors and hedge funds own 94.90% of the company’s stock. Wall Street Analysts Forecast Growth A number of brokerages have commented on CFG.
Compass Point upped their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th.
Raymond James restated a “strong-buy” rating and set a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st.
The Goldman Sachs Group raised their target price on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th.
Piper Sandler boosted their price target 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.
Finally, Truist Financial raised their price objective on shares of Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday, January 21st.
Nine investment 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.00.
Citizens Financial Group Stock Performance CFG opened at $46.21 on Friday. Citizens Financial Group, Inc.
has a 1-year low of $30.30 and a 1-year high of $49.25.
The company has a market cap of $20.20 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 0.
82 and a beta of 1.10. The company’s fifty day moving average price is $45.
79 and its two-hundred day moving average price is $43.87. The company has a current ratio of 0.
85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56.
Citizens Financial Group ( NYSE:CFG – Get Free Report ) last posted its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.
83 by $0.02. The company had revenue of $1.
99 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a net margin of 12.
21% and a return on equity of 6.75%. The firm’s revenue was down .
1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 EPS.
On average, analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.
Citizens Financial Group Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.42 dividend.
The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.
64%. Citizens Financial Group’s dividend payout ratio is presently 55.45%.
About Citizens Financial Group ( Free Report ) 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. Further Reading 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.
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