Keybank National Association OH Buys 894 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Keybank National Association OH lifted its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,490 shares of the bank’s stock after acquiring an additional 894 shares during the period. Keybank National Association OH’s holdings in Citizens Financial Group were worth $940,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp bought a new stake in Citizens Financial Group during the fourth quarter valued at $8,134,000. BTC Capital Management Inc. boosted its stake in Citizens Financial Group by 19.8% during the fourth quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock valued at $1,882,000 after buying an additional 7,119 shares during the period. Patton Fund Management Inc. bought a new stake in Citizens Financial Group during the fourth quarter valued at $6,694,000. AEGON ASSET MANAGEMENT UK Plc boosted its stake in Citizens Financial Group by 46.8% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock valued at $50,430,000 after buying an additional 367,439 shares during the period. Finally, Versor Investments LP bought a new stake in Citizens Financial Group during the third quarter valued at $1,910,000. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Down 1.7 %

NYSE CFG opened at $41.66 on Friday. The stock has a market cap of $18.21 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25. The stock has a 50 day simple moving average of $45.83 and a two-hundred day simple moving average of $44.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85.

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

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.03%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

Analyst Upgrades and Downgrades

CFG has been the topic of a number of research reports. Barclays raised their price target 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. Compass Point raised their price target on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Truist Financial raised their price target 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. Raymond James restated a “strong-buy” rating and set a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Finally, Citigroup raised their price target on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Nine investment 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

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.