Bank of New York Mellon Corp Has $155.05 Million Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Bank of New York Mellon Corp boosted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 31.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,543,207 shares of the bank’s stock after purchasing an additional 839,041 shares during the quarter. Bank of New York Mellon Corp owned 0.80% of Citizens Financial Group worth $155,051,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Costello Asset Management INC acquired a new position in Citizens Financial Group during the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new stake in Citizens Financial Group in the 3rd quarter valued at $27,000. Catalyst Capital Advisors LLC bought a new stake in Citizens Financial Group in the 3rd quarter valued at $28,000. Ameliora Wealth Management Ltd. bought a new stake in Citizens Financial Group in the 4th quarter valued at $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Citizens Financial Group in the 4th quarter valued at $28,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Stock Up 1.3 %

Shares of NYSE:CFG opened at $45.75 on Friday. Citizens Financial Group, Inc. has a 12 month low of $30.54 and a 12 month high of $49.25. The company’s 50-day moving average price is $45.90 and its two-hundred day moving average price is $44.13. 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 firm has a market cap of $20.00 billion, a P/E ratio of 15.10, a P/E/G ratio of 0.81 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last issued 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. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue was down .1% on a year-over-year basis. As a group, research analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CFG. Stephens reissued an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a report on Wednesday, January 29th. 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. Piper Sandler boosted their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group boosted their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Truist Financial upped their target price on shares of Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Nine research 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

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.