Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by Perpetual Ltd

Perpetual Ltd grew its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 174.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,414 shares of the bank’s stock after acquiring an additional 14,256 shares during the period. Perpetual Ltd’s holdings in Citizens Financial Group were worth $981,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Costello Asset Management INC acquired a new position in Citizens Financial Group during the third quarter worth $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Citizens Financial Group during the 3rd quarter worth $27,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Citizens Financial Group in the 3rd quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new stake in Citizens Financial Group in the 3rd quarter valued at about $48,000. Finally, Friedenthal Financial purchased a new position in Citizens Financial Group during the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

CFG has been the topic of several recent research reports. Royal Bank of Canada upped their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Raymond James reissued a “strong-buy” rating and set a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. The Goldman Sachs Group lifted their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Piper Sandler upped their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $49.00.

Citizens Financial Group Trading Down 2.6 %

NYSE CFG opened at $47.06 on Thursday. 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, Inc. has a one year low of $30.24 and a one year high of $49.25. The company’s 50 day moving average price is $45.70 and its 200 day moving average price is $42.88. The firm has a market capitalization of $20.74 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.42 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last issued its earnings results 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 net margin of 12.21% and a return on equity of 6.75%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1,962,330 billion. During the same quarter last year, the firm posted $0.85 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts predict that Citizens Financial Group, Inc. will post 3.84 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, January 31st. Citizens Financial Group’s payout ratio is 55.45%.

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.