Cinctive Capital Management LP Invests $362,000 in Citizens Financial Group, Inc. (NYSE:CFG)

Cinctive Capital Management LP acquired a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 8,281 shares of the bank’s stock, valued at approximately $362,000.

Other hedge funds also recently bought and sold shares of the company. Meeder Advisory Services Inc. grew its position in shares of Citizens Financial Group by 23.6% in the fourth quarter. Meeder Advisory Services Inc. now owns 17,090 shares of the bank’s stock valued at $748,000 after purchasing an additional 3,266 shares in the last quarter. Groupama Asset Managment purchased a new stake in Citizens Financial Group in the 4th quarter valued at $239,000. Geode Capital Management LLC increased its stake in shares of Citizens Financial Group by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank’s stock worth $477,043,000 after acquiring an additional 124,860 shares during the last quarter. StoneX Group Inc. raised its holdings in shares of Citizens Financial Group by 21.2% during the 4th quarter. StoneX Group Inc. now owns 57,769 shares of the bank’s stock worth $2,528,000 after acquiring an additional 10,099 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Citizens Financial Group by 9.4% during the 4th quarter. Franklin Resources Inc. now owns 717,542 shares of the bank’s stock valued at $31,400,000 after acquiring an additional 61,942 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on CFG shares. Compass Point lifted their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. cut their price target on shares of Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday. Truist Financial decreased their price objective on Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Barclays raised their target price on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods upped their price target on 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. Nine research 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 MarketBeat.com, Citizens Financial Group currently has an average rating of “Moderate Buy” and a consensus price target of $49.06.

Citizens Financial Group Trading Down 13.1 %

NYSE CFG opened at $36.22 on Friday. Citizens Financial Group, Inc. has a one year low of $32.06 and a one year high of $49.25. The firm has a 50 day simple moving average of $44.04 and a 200-day simple moving average of $44.10. The firm has a market cap of $15.83 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 0.81 and a beta of 0.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85.

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. The business had revenue of $1.99 billion during 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 quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

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