MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 194.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,822 shares of the bank’s stock after purchasing an additional 148,431 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.05% of Citizens Financial Group worth $9,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CFG. Brookstone Capital Management lifted its stake in shares of Citizens Financial Group by 28.2% in the 4th quarter. Brookstone Capital Management now owns 7,350 shares of the bank’s stock valued at $322,000 after purchasing an additional 1,619 shares during the period. Accurate Wealth Management LLC lifted its stake in shares of Citizens Financial Group by 5.4% in the 4th quarter. Accurate Wealth Management LLC now owns 5,455 shares of the bank’s stock valued at $236,000 after purchasing an additional 278 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Citizens Financial Group by 8.1% in the 4th quarter. Park Avenue Securities LLC now owns 53,590 shares of the bank’s stock valued at $2,345,000 after purchasing an additional 4,003 shares during the period. Armstrong Advisory Group Inc. lifted its stake in shares of Citizens Financial Group by 110.7% in the 4th quarter. Armstrong Advisory Group Inc. now owns 2,427 shares of the bank’s stock valued at $106,000 after purchasing an additional 1,275 shares during the period. Finally, Ritholtz Wealth Management lifted its stake in shares of Citizens Financial Group by 25.1% in the 4th quarter. Ritholtz Wealth Management now owns 13,909 shares of the bank’s stock valued at $609,000 after purchasing an additional 2,790 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. DA Davidson reduced their price objective on shares of Citizens Financial Group from $53.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Raymond James restated a “strong-buy” rating and set a $48.00 price objective (down from $58.00) on shares of Citizens Financial Group in a research report on Thursday, April 17th. Truist Financial reduced their price objective on shares of 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. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Citizens Financial Group from $49.00 to $45.00 and set a “market perform” rating for the company in a research report on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.78.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $41.84 on Friday. The firm has a 50-day simple moving average of $38.49 and a 200-day simple moving average of $43.14. The stock has a market capitalization of $18.29 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74. 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, Inc. has a 52 week low of $32.60 and a 52 week high of $49.25.

Citizens Financial Group (NYSE:CFG) last released 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 net margin of 12.21% and a return on equity of 6.75%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.94 billion. On average, equities analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend was Wednesday, April 30th. Citizens Financial Group’s payout ratio is currently 53.33%.

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.