19 hours Ago By Defense World Staff
Empowered Funds LLC raised its position in Citizens Financial Group, Inc. ( NYSE:CFG – Free Report ) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).
The fund owned 8,284 shares of the bank’s stock after acquiring an additional 797 shares during the quarter. Empowered Funds LLC’s holdings in Citizens Financial Group were worth $363,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently modified their holdings of CFG.
CHURCHILL MANAGEMENT Corp acquired a new position in Citizens Financial Group during the fourth quarter worth approximately $8,134,000. BTC Capital Management Inc. increased its holdings in shares of Citizens Financial Group by 19.
8% during the 4th quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock worth $1,882,000 after acquiring an additional 7,119 shares during the last quarter.
AEGON ASSET MANAGEMENT UK Plc raised its stake in Citizens Financial Group by 46.8% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock valued at $50,430,000 after acquiring an additional 367,439 shares during the period.
Patton Fund Management Inc. acquired a new stake in Citizens Financial Group during the 4th quarter valued at $6,694,000. Finally, Versor Investments LP acquired a new position in shares of Citizens Financial Group in the third quarter valued at $1,910,000.
Institutional investors own 94.90% of the company’s stock. Analysts Set New Price Targets Several research firms have weighed in on CFG.
Compass Point increased their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, December 10th.
The Goldman Sachs Group increased 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.
Raymond James reissued a “strong-buy” rating and set a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st.
Piper Sandler upped their price target on shares of 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, Stephens reaffirmed an “overweight” rating and set a $53.00 price target on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company.
Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $49.00.
Citizens Financial Group Trading Down 2.5 % Shares of CFG stock opened at $46.21 on Friday.
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, Inc. has a fifty-two week low of $30.
30 and a fifty-two week high of $49.25. The company has a market cap of $20.
20 billion, a PE ratio of 15.25, a P/E/G ratio of 0.82 and a beta of 1.
10. The stock’s fifty day moving average price is $45.79 and its two-hundred day moving average price is $43.
87. Citizens Financial Group ( NYSE:CFG – Get Free Report ) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.
85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02.
The business had revenue of $1.99 billion for 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%.
Citizens Financial Group’s revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $0.
85 earnings per share. Equities analysts predict that Citizens Financial Group, Inc. will post 3.
92 EPS for the current fiscal year. Citizens Financial Group Dividend Announcement 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 annualized dividend and a dividend yield of 3.
64%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) 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.
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