Ieq Capital LLC Grows Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Ieq Capital LLC lifted its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 536.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 285,654 shares of the bank’s stock after buying an additional 240,788 shares during the period. Ieq Capital LLC owned approximately 0.06% of Citizens Financial Group worth $12,500,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CFG. Costello Asset Management INC bought a new stake in shares of Citizens Financial Group in the third quarter worth about $25,000. Ashton Thomas Securities LLC bought a new stake in Citizens Financial Group during the 3rd quarter valued at approximately $27,000. Catalyst Capital Advisors LLC bought a new stake in Citizens Financial Group during the 3rd quarter valued at approximately $28,000. Ameliora Wealth Management Ltd. bought a new stake in Citizens Financial Group during the 4th quarter valued at approximately $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Citizens Financial Group during the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Truist Financial lifted their price objective on Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. Piper Sandler boosted 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. Compass Point boosted their price target on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Stephens reissued an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Finally, Barclays boosted their price target on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Nine research 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 MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Citizens Financial Group Price Performance

Shares of CFG opened at $47.47 on Thursday. The firm has a market cap of $20.75 billion, a PE ratio of 15.67, a P/E/G ratio of 0.81 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. The firm has a fifty day simple moving average of $45.76 and a two-hundred day simple moving average of $43.85. Citizens Financial Group, Inc. has a 1-year low of $30.30 and a 1-year high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced 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 business had revenue of $1.99 billion during 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 company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. On average, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.54%. Citizens Financial Group’s dividend payout ratio is presently 55.45%.

Citizens Financial Group Company Profile

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.