Smartleaf Asset Management LLC Grows Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Smartleaf Asset Management LLC lifted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 18.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,474 shares of the bank’s stock after purchasing an additional 838 shares during the period. Smartleaf Asset Management LLC’s holdings in Citizens Financial Group were worth $238,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Stephens reissued an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Piper Sandler increased their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Raymond James reissued a “strong-buy” rating and set a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Barclays upped their price target 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, Truist Financial raised their price objective on Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and an average target price of $49.00.

Citizens Financial Group Stock Down 0.7 %

Shares of NYSE CFG opened at $43.31 on Thursday. The stock has a market cap of $18.93 billion, a P/E ratio of 14.29, a PEG ratio of 0.81 and a beta of 1.06. The business’s fifty day simple moving average is $45.91 and its 200-day simple moving average is $44.23. Citizens Financial Group, Inc. has a 12-month low of $32.06 and a 12-month high of $49.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results 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. 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 analyst estimates of $1.96 billion. During the same quarter last year, the company earned $0.85 EPS. Citizens Financial Group’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.88%. Citizens Financial Group’s dividend 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.