2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. raised its stake in shares of Citizens Financial Group, Inc. ( NYSE:CFG – Free Report ) by 1.
5% in the fourth quarter, Holdings Channel.com reports. The firm owned 594,583 shares of the bank’s stock after buying an additional 8,942 shares during the period.
Envestnet Asset Management Inc.’s holdings in Citizens Financial Group were worth $26,019,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock.
CHURCHILL MANAGEMENT Corp purchased a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $8,134,000. BTC Capital Management Inc. lifted its stake in Citizens Financial Group by 19.
8% during the 4th quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock valued at $1,882,000 after acquiring an additional 7,119 shares in the last quarter.
Patton Fund Management Inc. purchased a new position in Citizens Financial Group during the 4th quarter worth $6,694,000. AEGON ASSET MANAGEMENT UK Plc grew its stake in shares of Citizens Financial Group by 46.
8% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock worth $50,430,000 after acquiring an additional 367,439 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Citizens Financial Group by 19.
3% during the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock valued at $217,781,000 after purchasing an additional 805,758 shares in the last quarter. 94.
90% of the stock is owned by institutional investors. Analysts Set New Price Targets A number of equities research analysts have issued reports on CFG shares. Stephens reaffirmed an “overweight” rating and issued a $53.
00 price objective on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Citigroup reduced their target price on Citizens Financial Group from $58.00 to $51.
00 and set a “buy” rating for the company in a report on Monday, March 24th. Keefe, Bruyette & Woods lifted their price target on Citizens Financial Group from $53.00 to $56.
00 and gave the stock a “market perform” rating in a report on Tuesday, January 21st. Raymond James restated a “strong-buy” rating and issued a $58.00 price objective (up previously from $55.
00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Finally, Truist Financial lowered their target price on Citizens Financial Group from $54.00 to $51.
00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.
com, the company has an average rating of “Moderate Buy” and a consensus price target of $49.06. Citizens Financial Group Trading Down 0.
0 % Shares of CFG stock opened at $34.78 on Monday. The stock has a market capitalization of $15.
20 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 0.81 and a beta of 0.
81. The company’s fifty day simple moving average is $42.10 and its two-hundred day simple moving average is $43.
80. Citizens Financial Group, Inc. has a 1 year low of $32.
06 and a 1 year 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.
Citizens Financial Group ( NYSE:CFG – Get Free Report ) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (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 company had revenue of $1.
99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company posted $0.
85 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year.
As a group, analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.
Citizens Financial Group Announces Dividend The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.42 dividend.
This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.83%.
The ex-dividend date was Friday, January 31st. Citizens Financial Group’s payout ratio is 55.45%.
Citizens Financial Group Company Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding CFG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Citizens Financial Group, Inc. ( NYSE:CFG – Free Report ). Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.
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