Delta Financial Group Inc. Buys New Position in Citizens Financial Group, Inc. (NYSE:CFG)

Delta Financial Group Inc. purchased a new position in Citizens Financial Group, Inc. (NYSE:CFG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,900 shares of the bank’s stock, valued at approximately $258,000.

Several other institutional investors and hedge funds have also modified their holdings of CFG. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Citizens Financial Group in the 4th quarter worth $8,134,000. BTC Capital Management Inc. grew its holdings in Citizens Financial Group by 19.8% during the fourth quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock valued at $1,882,000 after purchasing an additional 7,119 shares during the period. AEGON ASSET MANAGEMENT UK Plc grew its holdings in Citizens Financial Group by 46.8% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock valued at $50,430,000 after purchasing an additional 367,439 shares during the period. Patton Fund Management Inc. purchased a new stake in Citizens Financial Group in the fourth quarter worth about $6,694,000. Finally, Versor Investments LP bought a new position in shares of Citizens Financial Group in the third quarter worth about $1,910,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Stephens reiterated an “overweight” rating and set a $53.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Barclays upped their price target on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Raymond James restated a “strong-buy” rating and set a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Piper Sandler upped their target price 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. Finally, Compass Point increased their price target on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

Citizens Financial Group Stock Down 2.8 %

Shares of NYSE:CFG opened at $44.87 on Monday. The firm has a market capitalization of $19.61 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10. The business has a 50 day simple moving average of $45.79 and a two-hundred day simple moving average of $44.01. Citizens Financial Group, Inc. has a 1 year low of $30.30 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 quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 $1.96 billion. During the same quarter in the previous year, the business earned $0.85 EPS. Citizens Financial Group’s revenue was down .1% compared to the same quarter last year. On average, equities analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s payout ratio is presently 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.