Allworth Financial LP Grows Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Allworth Financial LP raised its position in Citizens Financial Group, Inc. (NYSE:CFG) by 59.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,591 shares of the bank’s stock after acquiring an additional 965 shares during the quarter. Allworth Financial LP’s holdings in Citizens Financial Group were worth $122,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Costello Asset Management INC purchased a new position in shares of Citizens Financial Group during the third quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Citizens Financial Group during the third quarter valued at about $27,000. Catalyst Capital Advisors LLC purchased a new position in shares of Citizens Financial Group during the third quarter valued at about $28,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Citizens Financial Group during the fourth quarter valued at about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Citizens Financial Group during the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CFG. The Goldman Sachs Group boosted their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Citigroup boosted their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Stephens reiterated an “overweight” rating and set a $53.00 price target on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Barclays upped their price objective 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. Finally, Piper Sandler upped their price objective on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Nine investment 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

Citizens Financial Group Trading Down 2.8 %

Shares of NYSE CFG opened at $44.87 on Monday. The firm’s 50 day moving average price is $45.79 and its 200-day moving average price is $44.01. The company has a market cap of $19.61 billion, a PE ratio of 14.81, a P/E/G ratio of 0.81 and a beta of 1.10. Citizens Financial Group, Inc. has a 52-week low of $30.30 and a 52-week high of $49.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last issued 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 net margin of 12.21% and a return on equity of 6.75%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share. On average, equities research analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors 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 dividend on an annualized basis and a yield of 3.74%. Citizens Financial Group’s dividend payout ratio (DPR) 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.