Atria Wealth Solutions Inc. Acquires 5,779 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Atria Wealth Solutions Inc. raised its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 109.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,052 shares of the bank’s stock after buying an additional 5,779 shares during the period. Atria Wealth Solutions Inc.’s holdings in Citizens Financial Group were worth $484,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CFG. CIBC Asset Management Inc raised its holdings in shares of Citizens Financial Group by 3.1% in the 4th quarter. CIBC Asset Management Inc now owns 68,922 shares of the bank’s stock worth $3,016,000 after purchasing an additional 2,083 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Citizens Financial Group by 3.4% in the 4th quarter. Sanctuary Advisors LLC now owns 45,479 shares of the bank’s stock valued at $2,199,000 after acquiring an additional 1,510 shares in the last quarter. Capital Performance Advisors LLP lifted its position in Citizens Financial Group by 30.3% during the fourth quarter. Capital Performance Advisors LLP now owns 6,093 shares of the bank’s stock valued at $267,000 after purchasing an additional 1,418 shares during the last quarter. Strategic Advisors LLC lifted its holdings in shares of Citizens Financial Group by 7.8% during the 4th quarter. Strategic Advisors LLC now owns 21,770 shares of the bank’s stock worth $953,000 after acquiring an additional 1,570 shares during the last quarter. Finally, Sierra Ocean LLC purchased a new position in shares of Citizens Financial Group in the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of CFG opened at $45.15 on Friday. The firm has a market capitalization of $19.74 billion, a P/E ratio of 14.90, a PEG ratio of 0.81 and a beta of 1.10. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The business has a fifty day moving average of $45.85 and a 200 day moving average of $44.09. Citizens Financial Group, Inc. has a one year low of $30.54 and a one year high of $49.25.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 EPS. As a group, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.72%. Citizens Financial Group’s payout ratio is currently 55.45%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CFG shares. Keefe, Bruyette & Woods increased their target price on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, January 21st. The Goldman Sachs Group raised their price target on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Piper Sandler lifted their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Barclays increased their price target on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Finally, Raymond James reiterated a “strong-buy” rating and set a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Nine 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 stock. Based on data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

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.