Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Factorial Partners LLC

Factorial Partners LLC decreased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,000 shares of the bank’s stock after selling 1,500 shares during the period. Citizens Financial Group makes up about 2.0% of Factorial Partners LLC’s holdings, making the stock its 19th biggest position. Factorial Partners LLC’s holdings in Citizens Financial Group were worth $3,501,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Costello Asset Management INC purchased a new position in Citizens Financial Group in the third quarter worth $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Citizens Financial Group in the third quarter valued at about $27,000. Catalyst Capital Advisors LLC acquired a new position in Citizens Financial Group during the third quarter worth about $28,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Citizens Financial Group in the 4th quarter worth approximately $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Citizens Financial Group during the fourth quarter worth $28,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Price Performance

CFG stock opened at $45.75 on Friday. The stock has a 50-day simple moving average of $45.90 and a 200-day simple moving average of $44.13. The firm has a market cap of $20.00 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10. 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, Inc. has a 1 year low of $30.54 and a 1 year high of $49.25.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the company earned $0.85 earnings per share. Citizens Financial Group’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s payout ratio is 55.45%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CFG shares. Raymond James reaffirmed a “strong-buy” rating and set a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Truist Financial raised their price objective on shares of Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a research note on Tuesday, January 21st. Stephens reaffirmed an “overweight” rating and issued a $53.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Citigroup boosted their price target on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, The Goldman Sachs Group lifted their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research 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 presently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

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.