Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lifted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 18.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,038 shares of the bank’s stock after purchasing an additional 16,452 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Citizens Financial Group were worth $4,722,000 as of its most recent SEC filing.

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

Citizens Financial Group Stock Up 1.9 %

CFG stock opened at $41.01 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm’s 50-day simple moving average is $44.53 and its 200 day simple moving average is $44.17. The stock has a market cap of $17.92 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25.

Citizens Financial Group (NYSE:CFG) last released 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 company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, sell-side analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 4.10%. Citizens Financial Group’s payout ratio is 55.45%.

Wall Street Analysts Forecast Growth

CFG has been the topic of several analyst reports. Compass Point lifted their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Morgan Stanley cut their price target on shares of Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Barclays raised their price objective 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 cut their target price on shares of Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Finally, Raymond James reiterated 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. 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $48.67.

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.