Hussman Strategic Advisors Inc. Takes $1.84 Million Position in Citizens Financial Group, Inc. (NYSE:CFG)

Hussman Strategic Advisors Inc. purchased a new stake in 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 purchased 42,000 shares of the bank’s stock, valued at approximately $1,838,000.

Other hedge funds have also made changes to their positions in the company. Costello Asset Management INC purchased a new position in shares of Citizens Financial Group in the third quarter valued at $25,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Citizens Financial Group in the fourth quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Citizens Financial Group in the fourth quarter valued at $28,000. Ashton Thomas Securities LLC purchased a new position in shares of Citizens Financial Group in the third quarter valued at $27,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Citizens Financial Group during the third quarter valued at $28,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CFG. The Goldman Sachs Group increased their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Stephens reaffirmed an “overweight” rating and set a $53.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Truist Financial increased 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. Barclays increased their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Finally, Piper Sandler increased their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. 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’s stock. According to data from MarketBeat, Citizens Financial Group currently has an average rating of “Moderate Buy” and an average target price of $49.00.

Citizens Financial Group Stock Performance

NYSE CFG opened at $47.47 on Thursday. The firm has a market capitalization of $20.75 billion, a P/E ratio of 15.67, a P/E/G ratio of 0.81 and a beta of 1.10. Citizens Financial Group, Inc. has a 1-year low of $30.30 and a 1-year high of $49.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The business’s 50-day simple moving average is $45.76 and its 200-day simple moving average is $43.85.

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, beating the consensus estimate of $0.83 by $0.02. The business 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 company’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. Equities analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 3.54%. Citizens Financial Group’s payout ratio is currently 55.45%.

Citizens Financial Group 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.