Citizens Financial Group, Inc. (NYSE:CFG) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 801.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,445 shares of the bank’s stock after purchasing an additional 91,086 shares during the quarter. Intech Investment Management LLC’s holdings in Citizens Financial Group were worth $4,483,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Mystic Asset Management Inc. acquired a new stake in Citizens Financial Group during the 4th quarter worth approximately $280,000. Corient Private Wealth LLC lifted its position in Citizens Financial Group by 0.9% during the 4th quarter. Corient Private Wealth LLC now owns 85,535 shares of the bank’s stock worth $3,743,000 after acquiring an additional 802 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Citizens Financial Group by 16.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 16,957 shares of the bank’s stock worth $742,000 after acquiring an additional 2,415 shares during the period. Natixis Advisors LLC lifted its position in Citizens Financial Group by 6.2% during the 4th quarter. Natixis Advisors LLC now owns 691,795 shares of the bank’s stock worth $30,273,000 after acquiring an additional 40,160 shares during the period. Finally, Poinciana Advisors Group LLC acquired a new stake in Citizens Financial Group during the 4th quarter worth approximately $310,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $40.96 on Wednesday. The business’s fifty day moving average price is $45.31 and its two-hundred day moving average price is $44.15. The stock has a market cap of $17.90 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. Citizens Financial Group, Inc. has a one year low of $32.06 and a one year high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Citizens Financial Group’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS. On average, 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. Stockholders of record on Friday, January 31st were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is 55.45%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CFG shares. 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. Keefe, Bruyette & Woods increased their target price on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 21st. Compass Point increased their target price on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley cut their target price on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Finally, Stephens reissued an “overweight” rating and set a $53.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.22.

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.