Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by Salzhauer Michael

Salzhauer Michael grew its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 1,034.7% during the 4th quarter, Holdings Channel reports. The fund owned 179,301 shares of the bank’s stock after acquiring an additional 163,500 shares during the period. Citizens Financial Group comprises about 2.7% of Salzhauer Michael’s portfolio, making the stock its 8th biggest position. Salzhauer Michael’s holdings in Citizens Financial Group were worth $7,846,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Savant Capital LLC raised its stake in Citizens Financial Group by 3.0% during the fourth quarter. Savant Capital LLC now owns 81,825 shares of the bank’s stock worth $3,581,000 after purchasing an additional 2,373 shares during the period. Empowered Funds LLC lifted its position in shares of Citizens Financial Group by 10.6% during the fourth quarter. Empowered Funds LLC now owns 8,284 shares of the bank’s stock worth $363,000 after purchasing an additional 797 shares in the last quarter. Vest Financial LLC boosted its position in Citizens Financial Group by 56.5% in the 4th quarter. Vest Financial LLC now owns 56,508 shares of the bank’s stock valued at $2,473,000 after buying an additional 20,408 shares during the last quarter. Ameliora Wealth Management Ltd. purchased a new position in Citizens Financial Group in the fourth quarter valued at about $28,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Citizens Financial Group by 2.2% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,019 shares of the bank’s stock valued at $2,014,000 after buying an additional 998 shares during the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CFG has been the topic of several research analyst reports. Compass Point increased their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Truist Financial upped their price target 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. Piper Sandler raised their target price on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods raised 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. Finally, Citigroup boosted their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $47.96 on Monday. The stock’s fifty day simple moving average is $45.77 and its 200-day simple moving average is $43.62. The company has a market capitalization of $21.13 billion, a price-to-earnings ratio of 15.83, a P/E/G ratio of 0.84 and a beta of 1.10. 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, Inc. has a 1-year low of $30.24 and a 1-year high of $49.25.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. On average, sell-side analysts predict that Citizens Financial Group, Inc. will post 3.93 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is currently 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.