Accurate Wealth Management LLC Boosts Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Accurate Wealth Management LLC increased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 12.2% in the first quarter, HoldingsChannel.com reports. The firm owned 6,122 shares of the bank’s stock after buying an additional 667 shares during the period. Accurate Wealth Management LLC’s holdings in Citizens Financial Group were worth $251,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new stake in Citizens Financial Group in the fourth quarter valued at approximately $26,000. Colonial Trust Co SC raised its position in Citizens Financial Group by 673.0% in the fourth quarter. Colonial Trust Co SC now owns 889 shares of the bank’s stock valued at $39,000 after purchasing an additional 774 shares during the period. Sierra Ocean LLC purchased a new stake in Citizens Financial Group in the fourth quarter valued at approximately $47,000. Duncker Streett & Co. Inc. purchased a new stake in Citizens Financial Group in the fourth quarter valued at approximately $51,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Citizens Financial Group in the fourth quarter valued at approximately $66,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CFG has been the topic of a number of research analyst reports. TD Cowen initiated coverage on Citizens Financial Group in a research report on Thursday, May 15th. They issued a “buy” rating and a $57.00 target price on the stock. 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 research report on Thursday, April 17th. Raymond James reaffirmed a “strong-buy” rating and set a $48.00 price objective (down previously from $58.00) on shares of Citizens Financial Group in a research report on Thursday, April 17th. UBS Group upped their price objective on Citizens Financial Group from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, May 30th. Finally, Barclays cut their price objective on Citizens Financial Group from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Citizens Financial Group currently has an average rating of “Moderate Buy” and an average price target of $47.89.

Citizens Financial Group Price Performance

Shares of CFG opened at $41.43 on Thursday. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $49.25. The company has a market capitalization of $18.11 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 0.81 and a beta of 0.75. The firm has a 50-day simple moving average of $38.52 and a 200-day simple moving average of $42.54. 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 (NYSE:CFG) last announced its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share 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 business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. On average, equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.68 annualized dividend and a yield of 4.05%. Citizens Financial Group’s dividend 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.