Check Capital Management Inc. CA Makes New Investment in Citizens Financial Group, Inc. (NYSE:CFG)

Check Capital Management Inc. CA purchased a new position in Citizens Financial Group, Inc. (NYSE:CFG) during the 4th quarter, HoldingsChannel reports. The firm purchased 4,700 shares of the bank’s stock, valued at approximately $206,000.

Other institutional investors also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Citizens Financial Group during the fourth quarter valued at approximately $8,134,000. BTC Capital Management Inc. increased its position in shares of 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 purchasing an additional 7,119 shares during the period. Patton Fund Management Inc. bought a new stake in shares of Citizens Financial Group during the fourth quarter valued at approximately $6,694,000. AEGON ASSET MANAGEMENT UK Plc lifted its holdings in shares of 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 acquiring an additional 367,439 shares during the period. Finally, Versor Investments LP acquired a new stake in shares of Citizens Financial Group in the 3rd quarter valued at $1,910,000. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Stock Up 0.8 %

Shares of NYSE CFG opened at $46.43 on Friday. The stock has a market cap of $20.46 billion, a P/E ratio of 15.32, a P/E/G ratio of 0.84 and a beta of 1.10. The firm has a 50 day moving average price of $45.75 and a 200 day moving average price of $43.74. 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, Inc. has a 52-week low of $30.30 and a 52-week high of $49.25.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $1.99 billion during 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 business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 earnings per share. Analysts expect that Citizens Financial Group, Inc. will post 3.93 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s payout ratio is currently 55.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price target on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, January 21st. Piper Sandler upped their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Barclays raised their price target 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. Compass Point upped their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Truist Financial lifted their target price 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. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus 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.