Brookstone Capital Management Purchases 1,619 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Brookstone Capital Management raised its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 28.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,350 shares of the bank’s stock after acquiring an additional 1,619 shares during the period. Brookstone Capital Management’s holdings in Citizens Financial Group were worth $322,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CFG. Czech National Bank raised its position in Citizens Financial Group by 4.6% during the fourth quarter. Czech National Bank now owns 95,553 shares of the bank’s stock valued at $4,181,000 after purchasing an additional 4,230 shares in the last quarter. Graypoint LLC raised its position in Citizens Financial Group by 4.9% during the fourth quarter. Graypoint LLC now owns 8,646 shares of the bank’s stock valued at $378,000 after purchasing an additional 404 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Citizens Financial Group by 0.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 104,893 shares of the bank’s stock valued at $4,308,000 after purchasing an additional 674 shares in the last quarter. First Hawaiian Bank raised its position in Citizens Financial Group by 26.5% during the fourth quarter. First Hawaiian Bank now owns 30,191 shares of the bank’s stock valued at $1,321,000 after purchasing an additional 6,332 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in Citizens Financial Group by 19.3% during the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock valued at $217,781,000 after purchasing an additional 805,758 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Up 1.5 %

CFG opened at $47.52 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. Citizens Financial Group, Inc. has a fifty-two week low of $30.24 and a fifty-two week high of $49.25. The firm has a market capitalization of $20.94 billion, a PE ratio of 18.71, a P/E/G ratio of 1.29 and a beta of 1.10. The company’s 50-day moving average is $45.64 and its 200 day moving average is $42.66.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1,962,330 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 .1% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. As a group, research analysts predict that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 3.54%. Citizens Financial Group’s payout ratio is currently 66.14%.

Analysts Set New Price Targets

CFG has been the subject of several research analyst reports. Barclays boosted their price objective on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. DA Davidson upped their price target on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Royal Bank of Canada upped their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Evercore ISI reduced their price objective on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 2nd. Finally, Piper Sandler boosted their price objective 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. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.78.

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.