Poinciana Advisors Group LLC Invests $310,000 in Citizens Financial Group, Inc. (NYSE:CFG)

Poinciana Advisors Group LLC acquired a new position in Citizens Financial Group, Inc. (NYSE:CFG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,093 shares of the bank’s stock, valued at approximately $310,000.

A number of other institutional investors have also made changes to their positions in the business. My Legacy Advisors LLC lifted its position in shares of Citizens Financial Group by 1.0% in the fourth quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock worth $1,074,000 after purchasing an additional 229 shares in the last quarter. Brooklyn Investment Group increased its holdings in Citizens Financial Group by 3.3% during the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock worth $320,000 after buying an additional 233 shares during the last quarter. SeaCrest Wealth Management LLC increased its holdings in Citizens Financial Group by 0.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock worth $1,257,000 after buying an additional 246 shares during the last quarter. Ballentine Partners LLC increased its holdings in Citizens Financial Group by 3.3% during the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank’s stock worth $340,000 after buying an additional 247 shares during the last quarter. Finally, Commerce Bank increased its holdings in Citizens Financial Group by 1.9% during the third quarter. Commerce Bank now owns 13,177 shares of the bank’s stock worth $541,000 after buying an additional 250 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

CFG has been the topic of a number of recent analyst reports. Compass Point boosted their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Raymond James restated a “strong-buy” rating and set a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Morgan Stanley decreased their price objective on shares of Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday. Barclays upped their price objective on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Finally, Piper Sandler upped their price objective on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Nine equities 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 stock. Based on data from MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and an average price target of $49.22.

Citizens Financial Group Trading Up 2.5 %

CFG opened at $40.72 on Friday. Citizens Financial Group, Inc. has a twelve month low of $32.06 and a twelve month high of $49.25. The company has a 50-day simple moving average of $45.46 and a 200 day simple moving average of $44.16. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $17.80 billion, a price-to-earnings ratio of 13.44, a P/E/G ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. Citizens Financial Group’s revenue was down .1% compared to the same quarter last year. Analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.13%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 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.