Citizens Financial Group, Inc. (NYSE:CFG) Stock Position Increased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. boosted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 8.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,977 shares of the bank’s stock after buying an additional 777 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Citizens Financial Group were worth $437,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CFG. My Legacy Advisors LLC lifted its holdings in Citizens Financial Group by 1.0% in the 4th quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock valued at $1,074,000 after acquiring an additional 229 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of Citizens Financial Group by 3.3% in the 4th quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock worth $320,000 after purchasing an additional 233 shares in the last quarter. 1620 Investment Advisors Inc. lifted its stake in Citizens Financial Group by 3.2% during the fourth quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank’s stock valued at $338,000 after purchasing an additional 238 shares during the last quarter. Ballentine Partners LLC boosted its holdings in Citizens Financial Group by 3.3% during the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank’s stock worth $340,000 after buying an additional 247 shares in the last quarter. Finally, Accurate Wealth Management LLC grew its position in Citizens Financial Group by 5.4% in the fourth quarter. Accurate Wealth Management LLC now owns 5,455 shares of the bank’s stock worth $236,000 after buying an additional 278 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

CFG has been the subject of a number of recent research reports. Citigroup cut their price objective on Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating for the company in a research report on Monday, March 24th. JPMorgan Chase & Co. reduced their target price on Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Truist Financial decreased their price target on Citizens Financial Group from $51.00 to $43.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group cut their price objective on Citizens Financial Group from $55.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Finally, Raymond James reiterated a “strong-buy” rating and issued a $48.00 target price (down from $58.00) on shares of Citizens Financial Group in a report on Thursday, April 17th. Eight investment 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.78.

Citizens Financial Group Stock Up 0.3%

CFG stock opened at $41.84 on Friday. The company has a 50 day moving average of $38.49 and a two-hundred day moving average of $43.14. The company has a market cap of $18.29 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 0.81 and a beta of 0.74. Citizens Financial Group, Inc. has a 12-month low of $32.60 and a 12-month high of $49.25. The company has a quick ratio of 0.85, a current 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 Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. On average, equities analysts anticipate 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 declared a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were paid a $0.42 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.02%. Citizens Financial Group’s payout ratio 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.