Corient Private Wealth LLC Has $3.74 Million Position in Citizens Financial Group, Inc. (NYSE:CFG)

Corient Private Wealth LLC lifted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 0.9% during the fourth quarter, Holdings Channel reports. The fund owned 85,535 shares of the bank’s stock after buying an additional 802 shares during the quarter. Corient Private Wealth LLC’s holdings in Citizens Financial Group were worth $3,743,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. lifted its position in shares of Citizens Financial Group by 16.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 16,957 shares of the bank’s stock valued at $742,000 after acquiring an additional 2,415 shares during the period. Natixis Advisors LLC lifted its position in shares of Citizens Financial Group by 6.2% during the 4th quarter. Natixis Advisors LLC now owns 691,795 shares of the bank’s stock valued at $30,273,000 after acquiring an additional 40,160 shares during the period. Poinciana Advisors Group LLC bought a new stake in Citizens Financial Group during the 4th quarter valued at $310,000. Brandes Investment Partners LP increased its stake in Citizens Financial Group by 11.4% during the 4th quarter. Brandes Investment Partners LP now owns 39,268 shares of the bank’s stock valued at $1,718,000 after purchasing an additional 4,031 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in Citizens Financial Group by 1.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 179,603 shares of the bank’s stock valued at $7,859,000 after purchasing an additional 3,300 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays boosted their price target on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Morgan Stanley decreased their price target on shares of Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. Compass Point boosted their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Stephens reiterated an “overweight” rating and issued a $53.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $49.06.

Citizens Financial Group Price Performance

CFG opened at $41.19 on Friday. The firm has a market cap of $18.00 billion, a P/E ratio of 13.59, a PEG ratio of 0.81 and a beta of 1.06. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two 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. The firm has a 50-day moving average of $45.12 and a 200 day moving average of $44.11.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. The business 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 company’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, research analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.08%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

About Citizens Financial Group

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.