Citizens Financial Group, Inc. (NYSE:CFG) Shares Acquired by Atomi Financial Group Inc.

Atomi Financial Group Inc. increased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 15.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,521 shares of the bank’s stock after buying an additional 896 shares during the quarter. Atomi Financial Group Inc.’s holdings in Citizens Financial Group were worth $285,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Stephens reiterated an “overweight” rating and issued a $53.00 price objective on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Compass Point lifted 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. Raymond James reissued a “strong-buy” rating and issued a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Truist Financial raised their target price on Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group boosted their price target on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Price Performance

NYSE:CFG opened at $47.44 on Monday. The stock has a 50 day moving average of $45.74 and a two-hundred day moving average of $43.07. The firm has a market cap of $20.91 billion, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 0.82 and a beta of 1.10. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a 12 month low of $30.24 and a 12 month high of $49.25.

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. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1,962,330 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. On average, analysts expect that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.54%. Citizens Financial Group’s payout ratio is 55.45%.

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.