Hantz Financial Services Inc. Has $2.08 Million Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Hantz Financial Services Inc. lowered its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 3.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,544 shares of the bank’s stock after selling 1,496 shares during the quarter. Hantz Financial Services Inc.’s holdings in Citizens Financial Group were worth $2,081,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Forsta AP Fonden boosted its position in shares of Citizens Financial Group by 0.3% in the fourth quarter. Forsta AP Fonden now owns 118,700 shares of the bank’s stock valued at $5,194,000 after acquiring an additional 400 shares during the period. Patton Fund Management Inc. bought a new stake in Citizens Financial Group in the 4th quarter valued at $6,694,000. R Squared Ltd acquired a new stake in Citizens Financial Group in the 4th quarter worth $145,000. Pacer Advisors Inc. increased its holdings in shares of Citizens Financial Group by 56.4% during the 4th quarter. Pacer Advisors Inc. now owns 51,981 shares of the bank’s stock worth $2,275,000 after purchasing an additional 18,747 shares during the period. Finally, KBC Group NV raised its position in shares of Citizens Financial Group by 1.7% during the fourth quarter. KBC Group NV now owns 894,642 shares of the bank’s stock valued at $39,149,000 after buying an additional 15,143 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CFG. DA Davidson boosted their price target on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. The Goldman Sachs Group boosted their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Raymond James reaffirmed a “strong-buy” rating and issued a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Citigroup boosted their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Stephens reaffirmed an “overweight” rating and set a $53.00 price objective on shares of Citizens Financial Group in a report on Wednesday. Nine equities 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

Citizens Financial Group Stock Up 1.6 %

Shares of CFG opened at $48.37 on Friday. The business’s 50 day simple moving average is $45.82 and its 200-day simple moving average is $43.28. Citizens Financial Group, Inc. has a one year low of $30.24 and a one year high of $49.25. The company has a market capitalization of $21.31 billion, a P/E ratio of 15.96, a PEG ratio of 0.82 and a beta of 1.10. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. As a group, sell-side analysts predict that Citizens Financial Group, Inc. will post 3.94 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 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.