StoneX Group Inc. Increases Position in Citizens Financial Group, Inc. (NYSE:CFG)

StoneX Group Inc. lifted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 21.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,769 shares of the bank’s stock after acquiring an additional 10,099 shares during the period. StoneX Group Inc.’s holdings in Citizens Financial Group were worth $2,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in Citizens Financial Group by 207.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock valued at $339,733,000 after acquiring an additional 5,579,313 shares during the period. Norges Bank acquired a new position in Citizens Financial Group during the fourth quarter valued at $243,431,000. State Street Corp boosted its holdings in Citizens Financial Group by 6.7% in the third quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock valued at $1,060,689,000 after purchasing an additional 1,615,144 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Citizens Financial Group during the 4th quarter worth about $56,483,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Citizens Financial Group by 31.0% during the 4th quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank’s stock valued at $155,051,000 after buying an additional 839,041 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 1.1 %

CFG stock opened at $40.51 on Wednesday. The company has a market cap of $17.71 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.81 and a beta of 1.06. The firm has a 50-day moving average of $44.37 and a two-hundred day moving average of $44.17. 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 announced 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. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 earnings per share. As a group, analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

Analysts Set New Price Targets

Several analysts recently commented on CFG shares. Stephens reaffirmed an “overweight” rating and set a $53.00 target price on shares of Citizens Financial Group in a report on Wednesday, January 29th. Morgan Stanley decreased their target price on shares of 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. Truist Financial dropped their price target on shares of Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Compass Point upped their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Piper Sandler raised their target price on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.67.

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.