Capitolis Liquid Global Markets LLC Acquires Shares of 250,000 Citizens Financial Group, Inc. (NYSE:CFG)

Capitolis Liquid Global Markets LLC purchased a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 250,000 shares of the bank’s stock, valued at approximately $10,940,000. Capitolis Liquid Global Markets LLC owned 0.06% of Citizens Financial Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new position in Citizens Financial Group during the fourth quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Citizens Financial Group in the 4th quarter worth approximately $28,000. Sierra Ocean LLC purchased a new stake in Citizens Financial Group during the 4th quarter valued at $47,000. Duncker Streett & Co. Inc. purchased a new position in shares of Citizens Financial Group in the 4th quarter worth $51,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Citizens Financial Group in the fourth quarter worth $66,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

CFG has been the subject of a number of research reports. Truist Financial reduced their target price on shares of Citizens Financial Group from $51.00 to $43.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Argus set a $45.00 price objective on shares of Citizens Financial Group in a research report on Thursday, April 24th. Piper Sandler cut their price target on Citizens Financial Group from $48.00 to $43.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Royal Bank of Canada lowered their price objective on Citizens Financial Group from $50.00 to $44.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. Finally, The Goldman Sachs Group cut their target price on Citizens Financial Group from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Citizens Financial Group currently has an average rating of “Moderate Buy” and an average target price of $46.18.

Citizens Financial Group Stock Performance

NYSE:CFG opened at $38.66 on Tuesday. Citizens Financial Group, Inc. has a twelve month low of $32.60 and a twelve month high of $49.25. The company has a market capitalization of $16.90 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $38.96 and a two-hundred day moving average price of $43.25.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. As a group, research analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a yield of 4.35%. Citizens Financial Group’s dividend payout ratio (DPR) is 53.33%.

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.