R Squared Ltd Makes New $145,000 Investment in Citizens Financial Group, Inc. (NYSE:CFG)

R Squared Ltd acquired a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,320 shares of the bank’s stock, valued at approximately $145,000.

Several other large investors have also recently made changes to their positions in CFG. Costello Asset Management INC bought a new stake in Citizens Financial Group in the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in Citizens Financial Group in the third quarter worth $27,000. Catalyst Capital Advisors LLC bought a new stake in Citizens Financial Group in the third quarter worth $28,000. Legacy Investment Solutions LLC bought a new position in Citizens Financial Group during the third quarter valued at $48,000. Finally, Friedenthal Financial bought a new position in Citizens Financial Group during the third quarter valued at $50,000. 94.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Piper Sandler upped their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Truist Financial raised their price objective on Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research note on Tuesday, January 21st. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Raymond James restated a “strong-buy” rating and issued a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Finally, Evercore ISI cut their price objective on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 2nd. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

Citizens Financial Group Trading Up 0.6 %

Shares of NYSE CFG opened at $47.66 on Thursday. Citizens Financial Group, Inc. has a twelve month low of $30.24 and a twelve month high of $49.25. 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 business has a fifty day simple moving average of $45.79 and a two-hundred day simple moving average of $43.25. The firm has a market cap of $21.00 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 0.82 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Analysts expect that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.53%. 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.