157,826 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 157,826 shares of the bank’s stock, valued at approximately $6,906,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Mn Services Vermogensbeheer B.V. lifted its stake in Citizens Financial Group by 2.2% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 182,779 shares of the bank’s stock worth $7,998,000 after purchasing an additional 3,900 shares during the last quarter. Equity Investment Corp purchased a new stake in Citizens Financial Group during the fourth quarter worth approximately $204,000. Allegiance Financial Group Advisory Services LLC purchased a new stake in Citizens Financial Group during the fourth quarter worth approximately $297,000. Bank of New York Mellon Corp lifted its stake in Citizens Financial Group by 31.0% during the fourth quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank’s stock worth $155,051,000 after purchasing an additional 839,041 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in Citizens Financial Group by 38.3% during the fourth quarter. IFP Advisors Inc now owns 7,975 shares of the bank’s stock worth $349,000 after purchasing an additional 2,210 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

CFG has been the subject of a number of research reports. Stephens reiterated an “overweight” rating and issued a $53.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Truist Financial boosted 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. Raymond James reiterated a “strong-buy” rating and issued a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods boosted their price objective on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. Finally, Compass Point boosted their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Trading Down 1.6 %

Shares of CFG stock opened at $45.04 on Tuesday. The business’s fifty day moving average price is $45.93 and its 200 day moving average price is $44.22. Citizens Financial Group, Inc. has a 1-year low of $31.70 and a 1-year high of $49.25. The firm has a market capitalization of $19.69 billion, a PE ratio of 14.86, a P/E/G ratio of 0.81 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 announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates 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 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 company posted $0.85 earnings per share. Citizens Financial Group’s quarterly revenue was down .1% on a year-over-year basis. As a group, sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed 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. This represents a $1.68 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is presently 55.45%.

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.