Citizens Financial Group, Inc. (NYSE:CFG) Shares Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC increased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 25.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,459 shares of the bank’s stock after acquiring an additional 3,319 shares during the period. Verdence Capital Advisors LLC’s holdings in Citizens Financial Group were worth $720,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CFG. US Bancorp DE boosted its holdings in Citizens Financial Group by 2.1% in the 3rd quarter. US Bancorp DE now owns 32,324 shares of the bank’s stock worth $1,328,000 after buying an additional 654 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Citizens Financial Group by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 6,330 shares of the bank’s stock worth $262,000 after buying an additional 361 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in Citizens Financial Group in the 3rd quarter worth about $292,000. QRG Capital Management Inc. boosted its holdings in Citizens Financial Group by 3.9% in the 3rd quarter. QRG Capital Management Inc. now owns 46,059 shares of the bank’s stock worth $1,892,000 after buying an additional 1,734 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in Citizens Financial Group in the 3rd quarter worth about $28,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on CFG. Truist Financial lifted their price objective on Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Compass Point lifted their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. The Goldman Sachs Group lifted their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Barclays raised their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Finally, Citigroup raised their target price on shares of 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 research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

Citizens Financial Group Stock Down 2.4 %

CFG stock opened at $42.28 on Friday. The firm has a market cap of $18.48 billion, a PE ratio of 13.95, a PEG ratio of 0.81 and a beta of 1.06. 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’s 50 day moving average price is $45.87 and its 200-day moving average price is $44.22. Citizens Financial Group, Inc. has a one year low of $32.06 and a one year 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, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $1.99 billion for 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 business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 EPS. On average, equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s payout ratio is 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.