Caprock Group LLC Makes New Investment in Citizens Financial Group, Inc. (NYSE:CFG)

Caprock Group LLC bought a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 28,940 shares of the bank’s stock, valued at approximately $1,266,000.

Several other large investors have also recently made changes to their positions in the company. Costello Asset Management INC purchased a new position in Citizens Financial Group in the third quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new position in Citizens Financial Group during the third quarter worth approximately $27,000. Catalyst Capital Advisors LLC acquired a new stake in Citizens Financial Group in the third quarter valued at approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in Citizens Financial Group in the third quarter valued at approximately $48,000. Finally, Friedenthal Financial purchased a new stake in shares of Citizens Financial Group in the third quarter valued at approximately $50,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CFG shares. Piper Sandler lifted their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Raymond James reissued a “strong-buy” rating and set a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. DA Davidson raised their price target on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Citigroup boosted their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Barclays increased their target price on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Nine 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Price Performance

Shares of CFG stock opened at $47.40 on Monday. The firm’s 50-day moving average is $45.84 and its two-hundred day moving average is $43.40. Citizens Financial Group, Inc. has a 12 month low of $30.24 and a 12 month high of $49.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $20.89 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 0.83 and a beta of 1.10.

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 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 firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. Analysts predict that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.54%. 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.