Bradley Foster & Sargent Inc. CT Makes New Investment in Citizens Financial Group, Inc. (NYSE:CFG)

Bradley Foster & Sargent Inc. CT bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,797 shares of the bank’s stock, valued at approximately $210,000.

A number of other institutional investors also recently bought and sold shares of CFG. Costello Asset Management INC purchased a new position in Citizens Financial Group during the third quarter worth about $25,000. Ashton Thomas Securities LLC purchased a new position in Citizens Financial Group during the third quarter worth about $27,000. Catalyst Capital Advisors LLC purchased a new position in Citizens Financial Group during the third quarter worth about $28,000. Ameliora Wealth Management Ltd. purchased a new position in Citizens Financial Group during the fourth quarter worth about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Citizens Financial Group during the fourth quarter worth about $28,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Trading Down 2.8 %

NYSE CFG opened at $44.87 on Monday. 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, Inc. has a 52 week low of $30.30 and a 52 week high of $49.25. The stock 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 firm has a 50 day moving average of $45.79 and a two-hundred day moving average of $44.01.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping 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 analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The firm’s revenue was down .1% on a year-over-year basis. As a group, research analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS 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. 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 3.74%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CFG shares. 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. Raymond James reissued a “strong-buy” rating and issued a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Stephens reissued an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a research note on Wednesday, January 29th. 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, The Goldman Sachs Group boosted their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.