Cigna Investments Inc. New Makes New Investment in Citizens Financial Group, Inc. (NYSE:CFG)

Cigna Investments Inc. New acquired a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,693 shares of the bank’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CFG. Sapient Capital LLC raised its stake in Citizens Financial Group by 26.6% during the 4th quarter. Sapient Capital LLC now owns 7,017 shares of the bank’s stock worth $307,000 after buying an additional 1,474 shares during the period. Salzhauer Michael increased its holdings in shares of Citizens Financial Group by 1,034.7% during the fourth quarter. Salzhauer Michael now owns 179,301 shares of the bank’s stock valued at $7,846,000 after acquiring an additional 163,500 shares in the last quarter. Savant Capital LLC raised its position in shares of Citizens Financial Group by 3.0% during the fourth quarter. Savant Capital LLC now owns 81,825 shares of the bank’s stock worth $3,581,000 after purchasing an additional 2,373 shares during the period. Empowered Funds LLC lifted its holdings in shares of Citizens Financial Group by 10.6% in the 4th quarter. Empowered Funds LLC now owns 8,284 shares of the bank’s stock worth $363,000 after purchasing an additional 797 shares in the last quarter. Finally, Vest Financial LLC grew its position in Citizens Financial Group by 56.5% in the 4th quarter. Vest Financial LLC now owns 56,508 shares of the bank’s stock valued at $2,473,000 after purchasing an additional 20,408 shares during the period. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

CFG opened at $47.22 on Wednesday. Citizens Financial Group, Inc. has a fifty-two week low of $30.24 and a fifty-two week high of $49.25. The firm has a 50-day moving average of $45.78 and a 200 day moving average of $43.66. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $20.81 billion, a P/E ratio of 15.58, a PEG ratio of 0.84 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last released its 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. The firm 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 revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. On average, research analysts expect that Citizens Financial Group, Inc. will post 3.93 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a $0.42 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 3.56%. Citizens Financial Group’s payout ratio is presently 55.45%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CFG. Keefe, Bruyette & Woods raised their price objective on shares of 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. DA Davidson raised their price target on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Truist Financial raised their target price on Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a report on Tuesday, January 21st. Finally, Stephens reiterated an “overweight” rating and set a $53.00 price target on shares of Citizens Financial Group in a report on Wednesday, January 29th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.00.

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.