Brooklyn Investment Group Acquires 233 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Brooklyn Investment Group lifted its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,304 shares of the bank’s stock after purchasing an additional 233 shares during the period. Brooklyn Investment Group’s holdings in Citizens Financial Group were worth $320,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. State Street Corp lifted its stake in Citizens Financial Group by 6.7% in the third quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock valued at $1,060,689,000 after buying an additional 1,615,144 shares during the period. Wellington Management Group LLP raised its position in shares of Citizens Financial Group by 207.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock valued at $339,733,000 after acquiring an additional 5,579,313 shares during the period. Nordea Investment Management AB boosted its stake in Citizens Financial Group by 19.3% during the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock worth $217,781,000 after acquiring an additional 805,758 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Citizens Financial Group by 15.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock valued at $159,550,000 after purchasing an additional 587,115 shares during the period. Finally, AQR Capital Management LLC increased its stake in Citizens Financial Group by 61.4% in the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock valued at $155,909,000 after purchasing an additional 1,682,886 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Piper Sandler lifted their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group boosted their target price on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Raymond James raised Citizens Financial Group from a “market perform” rating to a “strong-buy” rating and set a $55.00 price target on the stock in a research report on Wednesday, December 18th. Citigroup boosted their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.78.

Citizens Financial Group Stock Up 1.5 %

CFG stock opened at $47.52 on Friday. Citizens Financial Group, Inc. has a twelve month low of $30.24 and a twelve month high of $49.25. The company has a market cap of $20.94 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 1.29 and a beta of 1.10. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average price of $45.64 and a two-hundred day moving average price of $42.66.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1,962,330 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 earnings per share. Analysts anticipate that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.68 annualized dividend and a yield of 3.54%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 66.14%.

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.