5,484 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Bought by Groupama Asset Managment

Groupama Asset Managment purchased a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,484 shares of the bank’s stock, valued at approximately $239,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. purchased a new stake in shares of Citizens Financial Group during the 4th quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Citizens Financial Group during the fourth quarter worth approximately $28,000. Sierra Ocean LLC purchased a new stake in Citizens Financial Group during the fourth quarter worth approximately $47,000. Legacy Investment Solutions LLC acquired a new stake in shares of Citizens Financial Group in the third quarter worth $48,000. Finally, Duncker Streett & Co. Inc. purchased a new position in shares of Citizens Financial Group in the 4th quarter valued at $51,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on CFG. Keefe, Bruyette & Woods increased their price target on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, January 21st. Morgan Stanley decreased their target price on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Truist Financial reduced their price target on Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Citigroup decreased their price target on Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating for the company in a report on Monday, March 24th. Finally, 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. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $49.06.

Citizens Financial Group Stock Down 13.1 %

Shares of Citizens Financial Group stock opened at $36.22 on Friday. The business has a 50-day moving average price of $44.04 and a 200 day moving average price of $44.10. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25. The firm has a market cap of $15.83 billion, a P/E ratio of 11.95, a P/E/G ratio of 0.81 and a beta of 0.81. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share 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 business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the business earned $0.85 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. On average, sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.64%. Citizens Financial Group’s payout ratio is currently 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.