Citizens Financial Group, Inc. (NYSE:CFG) Position Increased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lifted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 9.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 44,052 shares of the bank’s stock after buying an additional 3,644 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Citizens Financial Group were worth $1,928,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ameliora Wealth Management Ltd. bought a new position in Citizens Financial Group in the fourth quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Citizens Financial Group during the 4th quarter worth approximately $28,000. Sierra Ocean LLC bought a new stake in shares of Citizens Financial Group in the 4th quarter worth approximately $47,000. Legacy Investment Solutions LLC acquired a new position in Citizens Financial Group during the 3rd quarter valued at approximately $48,000. Finally, Duncker Streett & Co. Inc. acquired a new position in Citizens Financial Group during the 4th quarter valued at approximately $51,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Compass Point raised their target price on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Raymond James reaffirmed a “strong-buy” rating and issued a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Stephens reissued an “overweight” rating and set a $53.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods upped their target price on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. Finally, Morgan Stanley cut their price target on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Nine 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 currently has an average rating of “Moderate Buy” and a consensus target price of $48.67.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock opened at $40.26 on Friday. Citizens Financial Group, Inc. has a 52 week low of $32.06 and a 52 week high of $49.25. 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 company’s 50-day moving average price is $44.66 and its two-hundred day moving average price is $44.13. The stock has a market cap of $17.60 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. As a group, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is presently 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.