Capital Performance Advisors LLP Acquires 1,418 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Capital Performance Advisors LLP boosted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 30.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,093 shares of the bank’s stock after purchasing an additional 1,418 shares during the period. Capital Performance Advisors LLP’s holdings in Citizens Financial Group were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in CFG. Costello Asset Management INC bought a new position in Citizens Financial Group in the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new position in Citizens Financial Group in the 3rd quarter worth approximately $27,000. Catalyst Capital Advisors LLC bought a new position in Citizens Financial Group in the 3rd quarter worth approximately $28,000. Ameliora Wealth Management Ltd. bought a new position in Citizens Financial Group in the 4th quarter worth approximately $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Citizens Financial Group in the 4th quarter worth approximately $28,000. 94.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CFG. The Goldman Sachs Group boosted their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Stephens restated an “overweight” rating and set a $53.00 price objective on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Barclays boosted their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Raymond James restated a “strong-buy” rating and set a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Finally, Piper Sandler boosted their price objective 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. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $46.43 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $20.46 billion, a P/E ratio of 15.32, a P/E/G ratio of 0.84 and a beta of 1.10. The business’s fifty day moving average is $45.75 and its two-hundred day moving average is $43.74. Citizens Financial Group, Inc. has a 52 week low of $30.30 and a 52 week high of $49.25.

Citizens Financial Group (NYSE:CFG) last released 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 during 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 previous year, the company posted $0.85 earnings per share. Equities research analysts forecast that Citizens Financial Group, Inc. will post 3.93 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.62%. Citizens Financial Group’s payout ratio 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.