152,981 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Acquired by Patton Fund Management Inc.

Patton Fund Management Inc. acquired a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 152,981 shares of the bank’s stock, valued at approximately $6,694,000. Citizens Financial Group makes up approximately 1.3% of Patton Fund Management Inc.’s portfolio, making the stock its 19th largest position.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on CFG shares. 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. Piper Sandler increased their price target on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Royal Bank of Canada boosted their price objective on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Stephens restated an “overweight” rating and issued a $53.00 target price on shares of Citizens Financial Group in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods upped their price target on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, January 21st. Nine 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’s stock. Based on data from MarketBeat, Citizens Financial Group presently has an average rating of “Moderate Buy” and an average price target of $49.00.

Citizens Financial Group Trading Down 0.4 %

Shares of NYSE CFG opened at $47.36 on Wednesday. Citizens Financial Group, Inc. has a twelve month low of $30.24 and a twelve month high of $49.25. The firm has a market cap of $20.87 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 0.82 and a beta of 1.10. The business has a fifty day simple moving average of $45.79 and a two-hundred day simple moving average of $43.25. 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 (NYSE:CFG) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. Analysts expect that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.55%. Citizens Financial Group’s dividend payout ratio is presently 55.45%.

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.