Integrated Quantitative Investments LLC Purchases New Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Integrated Quantitative Investments LLC acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,700 shares of the bank’s stock, valued at approximately $381,000.

Other large investors have also recently bought and sold shares of the company. My Legacy Advisors LLC boosted its position in shares of Citizens Financial Group by 1.0% during the 4th quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock worth $1,074,000 after acquiring an additional 229 shares in the last quarter. Brooklyn Investment Group lifted its stake in Citizens Financial Group by 3.3% during the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock worth $320,000 after purchasing an additional 233 shares during the last quarter. 1620 Investment Advisors Inc. boosted its holdings in shares of Citizens Financial Group by 3.2% in the 4th 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 in the last quarter. SeaCrest Wealth Management LLC increased its stake in shares of Citizens Financial Group by 0.9% in the 4th quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock valued at $1,257,000 after purchasing an additional 246 shares during the last quarter. Finally, Ballentine Partners LLC raised its holdings in shares of Citizens Financial Group by 3.3% during the 4th 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. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on CFG shares. Stephens reiterated an “overweight” rating and issued a $53.00 target price on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods upped their price objective on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. Morgan Stanley cut their target price on shares of Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Citigroup lowered their price target on shares of Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating for the company in a report on Monday, March 24th. Finally, Truist Financial reduced their price objective on Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $49.06.

Citizens Financial Group Price Performance

CFG stock opened at $34.28 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market cap of $14.98 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 0.81 and a beta of 0.81. The company’s fifty day simple moving average is $43.78 and its 200 day simple moving average is $44.05. Citizens Financial Group, Inc. has a 12-month low of $32.06 and a 12-month high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 EPS. On average, analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is 55.45%.

Citizens Financial Group 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.