GAMMA Investing LLC Purchases 997 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

GAMMA Investing LLC lifted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,285 shares of the bank’s stock after purchasing an additional 997 shares during the quarter. GAMMA Investing LLC’s holdings in Citizens Financial Group were worth $538,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CFG. Costello Asset Management INC acquired a new stake in Citizens Financial Group during the 3rd quarter worth $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Citizens Financial Group in the third quarter worth about $27,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Citizens Financial Group during the third quarter worth about $28,000. Legacy Investment Solutions LLC bought a new position in shares of Citizens Financial Group during the 3rd quarter valued at about $48,000. Finally, Friedenthal Financial acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at approximately $50,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CFG. Keefe, Bruyette & Woods raised their target price on shares of Citizens Financial Group from $46.00 to $53.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Compass Point raised their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Piper Sandler upped their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group lifted their price target on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Eight 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 company. Based on data from MarketBeat, Citizens Financial Group has a consensus rating of “Moderate Buy” and a consensus target price of $47.41.

Citizens Financial Group Trading Up 2.2 %

NYSE CFG opened at $44.56 on Monday. The company has a market cap of $19.64 billion, a PE ratio of 17.54, a PEG ratio of 1.76 and a beta of 1.10. Citizens Financial Group, Inc. has a 12 month low of $30.24 and a 12 month high of $49.25. The stock has a 50 day moving average of $45.28 and a 200-day moving average of $42.00. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting analysts’ consensus estimates of $0.79. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 earnings per share. On average, equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 66.14%.

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.