Graypoint LLC Purchases 404 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Graypoint LLC raised its position in Citizens Financial Group, Inc. (NYSE:CFG) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,646 shares of the bank’s stock after acquiring an additional 404 shares during the period. Graypoint LLC’s holdings in Citizens Financial Group were worth $378,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Choreo LLC purchased a new position in Citizens Financial Group during the 2nd quarter worth $369,000. Royal London Asset Management Ltd. grew its stake in shares of Citizens Financial Group by 12.7% during the second quarter. Royal London Asset Management Ltd. now owns 176,161 shares of the bank’s stock worth $6,347,000 after acquiring an additional 19,917 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Citizens Financial Group by 7.2% during the second quarter. Daiwa Securities Group Inc. now owns 49,661 shares of the bank’s stock valued at $1,789,000 after acquiring an additional 3,352 shares in the last quarter. American Century Companies Inc. raised its position in shares of Citizens Financial Group by 2.6% in the 2nd quarter. American Century Companies Inc. now owns 204,454 shares of the bank’s stock valued at $7,366,000 after purchasing an additional 5,191 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Citizens Financial Group by 3.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 606,290 shares of the bank’s stock worth $21,845,000 after purchasing an additional 17,755 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock opened at $43.30 on Friday. The firm has a market cap of $19.08 billion, a PE ratio of 17.05, a P/E/G ratio of 1.76 and a beta of 1.10. Citizens Financial Group, Inc. has a twelve month low of $30.24 and a twelve month high of $49.25. 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 $45.49 and a 200 day moving average price of $42.29.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the company posted $0.85 EPS. The business’s quarterly revenue was down 5.6% on a year-over-year basis. Sell-side analysts predict that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group’s payout ratio is 66.14%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barclays raised 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 report on Monday, January 6th. Citigroup lifted their price target on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. The Goldman Sachs Group raised their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, Raymond James raised shares of Citizens Financial Group from a “market perform” rating to a “strong-buy” rating and set a $55.00 price target for the company in a research report on Wednesday, December 18th. Nine 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 data from MarketBeat.com, Citizens Financial Group has a consensus rating of “Moderate Buy” and a consensus target price of $47.78.

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.