Jones Financial Companies Lllp Acquires 5,938 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Jones Financial Companies Lllp increased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 115.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,072 shares of the bank’s stock after acquiring an additional 5,938 shares during the quarter. Jones Financial Companies Lllp’s holdings in Citizens Financial Group were worth $485,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in Citizens Financial Group during the 3rd quarter valued at about $27,000. Ameliora Wealth Management Ltd. purchased a new stake in Citizens Financial Group during the 4th quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Citizens Financial Group in the 4th quarter valued at $28,000. Sierra Ocean LLC purchased a new stake in Citizens Financial Group during the 4th quarter valued at about $47,000. Finally, Legacy Investment Solutions LLC purchased a new position in Citizens Financial Group during the third quarter worth approximately $48,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 4.2 %

CFG stock opened at $39.88 on Tuesday. The company has a market cap of $17.43 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.81 and a beta of 1.06. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average price is $45.76 and its 200 day moving average price is $44.25. Citizens Financial Group, Inc. has a 52 week low of $32.06 and a 52 week high of $49.25.

Citizens Financial Group (NYSE:CFG) last released its quarterly 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. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the business earned $0.85 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. On average, research analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 annualized dividend and a yield of 4.21%. Citizens Financial Group’s payout ratio is currently 55.45%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CFG. Barclays raised 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 report on Monday, January 6th. Piper Sandler boosted their target price on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Truist Financial boosted their target price on shares of Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a research note on Tuesday, January 21st. Stephens restated an “overweight” rating and issued a $53.00 target price on shares of Citizens Financial Group in a report on Wednesday, January 29th. Finally, Compass Point boosted their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Nine investment 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $49.00.

About Citizens Financial Group

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.