GoalVest Advisory LLC Purchases 676 Shares of Citizens Financial Group, Inc. $CFG

GoalVest Advisory LLC raised its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 16,900.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 680 shares of the bank’s stock after acquiring an additional 676 shares during the quarter. GoalVest Advisory LLC’s holdings in Citizens Financial Group were worth $30,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Investors Research Corp lifted its holdings in shares of Citizens Financial Group by 344.8% during the second quarter. Investors Research Corp now owns 645 shares of the bank’s stock valued at $29,000 after acquiring an additional 500 shares during the period. Trust Co. of Vermont lifted its holdings in shares of Citizens Financial Group by 177.5% during the second quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock valued at $29,000 after acquiring an additional 410 shares during the period. REAP Financial Group LLC lifted its holdings in shares of Citizens Financial Group by 72.4% during the second quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock valued at $33,000 after acquiring an additional 309 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Citizens Financial Group by 143.4% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,076 shares of the bank’s stock valued at $44,000 after acquiring an additional 634 shares during the period. Finally, Wayfinding Financial LLC bought a new position in shares of Citizens Financial Group during the first quarter valued at $46,000. 94.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Truist Financial cut their price objective on Citizens Financial Group from $58.00 to $56.00 and set a “hold” rating for the company in a report on Friday, October 17th. Wells Fargo & Company set a $57.00 target price on Citizens Financial Group in a research note on Wednesday, July 2nd. Cantor Fitzgerald began coverage on Citizens Financial Group in a research note on Wednesday, September 10th. They issued an “overweight” rating and a $61.00 target price for the company. Wall Street Zen upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Finally, Barclays raised their target price on Citizens Financial Group from $55.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $56.57.

Citizens Financial Group Price Performance

Shares of CFG stock opened at $51.86 on Tuesday. The stock has a 50-day moving average price of $51.71 and a 200 day moving average price of $45.88. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. The firm has a market cap of $22.37 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 0.56 and a beta of 0.79. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $55.24.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, October 15th. The bank reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.10 billion. Citizens Financial Group had a return on equity of 7.48% and a net margin of 14.17%.The company’s revenue was up 11.4% on a year-over-year basis. During the same period last year, the company earned $0.79 earnings per share. Research analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Wednesday, October 29th will be given a $0.46 dividend. The ex-dividend date is Wednesday, October 29th. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 3.5%. Citizens Financial Group’s dividend payout ratio is 51.54%.

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.