IFP Advisors Inc Boosts Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

IFP Advisors Inc lifted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 38.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,975 shares of the bank’s stock after buying an additional 2,210 shares during the quarter. IFP Advisors Inc’s holdings in Citizens Financial Group were worth $349,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Citizens Financial Group by 105.7% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 95,184 shares of the bank’s stock valued at $4,165,000 after buying an additional 48,900 shares during the period. Delta Financial Group Inc. purchased a new stake in Citizens Financial Group during the 4th quarter worth about $258,000. Howard Capital Management Inc. purchased a new stake in Citizens Financial Group during the 4th quarter worth about $426,000. Wealthspire Advisors LLC increased its holdings in Citizens Financial Group by 9.4% during the 4th quarter. Wealthspire Advisors LLC now owns 11,622 shares of the bank’s stock worth $509,000 after purchasing an additional 1,001 shares during the period. Finally, Cowa LLC purchased a new stake in Citizens Financial Group during the 4th quarter worth about $376,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

CFG has been the topic of several recent research reports. Compass Point upped their price target on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Barclays upped their price target on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods upped their price target on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, January 21st. 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 report on Tuesday, November 26th. Finally, Stephens reiterated an “overweight” rating and issued a $53.00 price objective on shares of Citizens Financial Group in a report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $49.00.

Citizens Financial Group Stock Up 1.3 %

Shares of NYSE CFG opened at $45.75 on Friday. Citizens Financial Group, Inc. has a 52-week low of $30.54 and a 52-week high of $49.25. The business has a 50-day moving average price of $45.90 and a 200 day moving average price of $44.16. 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 stock has a market cap of $20.00 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last announced its earnings results 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. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the business posted $0.85 EPS. The company’s revenue was down .1% on a year-over-year basis. Equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

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