Proficio Capital Partners LLC Buys New Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Proficio Capital Partners LLC bought a new stake in Citizens Financial Group, Inc. (NYSE:CFG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 157,826 shares of the bank’s stock, valued at approximately $6,906,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. increased its position in Citizens Financial Group by 30.3% in the 4th quarter. Assetmark Inc. now owns 11,960 shares of the bank’s stock valued at $523,000 after buying an additional 2,783 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its stake in Citizens Financial Group by 10.3% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 19,357 shares of the bank’s stock valued at $847,000 after purchasing an additional 1,801 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Citizens Financial Group by 75.8% during the 4th quarter. Victory Capital Management Inc. now owns 884,840 shares of the bank’s stock valued at $38,721,000 after purchasing an additional 381,419 shares during the last quarter. Keybank National Association OH boosted its stake in Citizens Financial Group by 4.3% during the 4th quarter. Keybank National Association OH now owns 21,490 shares of the bank’s stock valued at $940,000 after purchasing an additional 894 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in Citizens Financial Group by 6.6% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 7,637 shares of the bank’s stock valued at $333,000 after purchasing an additional 474 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CFG. Compass Point lifted their price target 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. Citigroup boosted their target price on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. The Goldman Sachs Group boosted their target price 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 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. Finally, Morgan Stanley cut their target price on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.22.

Citizens Financial Group Trading Up 2.5 %

NYSE:CFG opened at $40.72 on Monday. The company has a market cap of $17.80 billion, a P/E ratio of 13.44, a P/E/G ratio of 0.81 and a beta of 1.06. The stock’s fifty day moving average price is $45.46 and its two-hundred day moving average price is $44.18. Citizens Financial Group, Inc. has a 1 year low of $32.06 and a 1 year high of $49.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85.

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

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 4.13%. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

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.