13,016 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC bought a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,016 shares of the bank’s stock, valued at approximately $570,000.

Other large investors also recently made changes to their positions in the company. My Legacy Advisors LLC grew its stake in Citizens Financial Group by 1.0% in the 4th quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock valued at $1,074,000 after buying an additional 229 shares during the last quarter. Brooklyn Investment Group grew its position in shares of Citizens Financial Group by 3.3% in the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock valued at $320,000 after purchasing an additional 233 shares during the last quarter. SeaCrest Wealth Management LLC grew its position in shares of Citizens Financial Group by 0.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock valued at $1,257,000 after purchasing an additional 246 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Citizens Financial Group by 3.3% in the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank’s stock worth $340,000 after purchasing an additional 247 shares during the period. Finally, Commerce Bank lifted its position in shares of Citizens Financial Group by 1.9% during the 3rd quarter. Commerce Bank now owns 13,177 shares of the bank’s stock worth $541,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

NYSE:CFG opened at $47.66 on Thursday. The firm has a market cap of $21.00 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 0.82 and a beta of 1.10. The company’s 50-day moving average price is $45.79 and its two-hundred day moving average price is $43.25. 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.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the company earned $0.85 EPS. Citizens Financial Group’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.94 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.53%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Analyst Upgrades and Downgrades

CFG has been the topic of several recent analyst reports. Piper Sandler lifted their price target on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods upped their target price on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group raised their price target 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. Royal Bank of Canada upped their price objective on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, DA Davidson lifted their target price on Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Nine equities 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. According to data from MarketBeat, Citizens Financial Group has an average rating of “Moderate Buy” and an average price target of $49.00.

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.