Allegiance Financial Group Advisory Services LLC Takes $297,000 Position in Citizens Financial Group, Inc. (NYSE:CFG)

Allegiance Financial Group Advisory Services LLC bought a new stake in Citizens Financial Group, Inc. (NYSE:CFG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,789 shares of the bank’s stock, valued at approximately $297,000.

Other large investors also recently modified their holdings of the company. CHURCHILL MANAGEMENT Corp bought a new position in shares of Citizens Financial Group in the fourth quarter valued at approximately $8,134,000. BTC Capital Management Inc. increased its position in shares of Citizens Financial Group by 19.8% during the fourth 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 during the last quarter. Patton Fund Management Inc. purchased a new stake in shares of Citizens Financial Group during the fourth quarter valued at approximately $6,694,000. AEGON ASSET MANAGEMENT UK Plc increased its position in shares of Citizens Financial Group by 46.8% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock valued at $50,430,000 after acquiring an additional 367,439 shares during the last quarter. Finally, Versor Investments LP purchased a new stake in shares of Citizens Financial Group during the third quarter valued at approximately $1,910,000. Institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on CFG shares. Compass Point increased their price target on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Truist Financial increased their price target on Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group increased their price target on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. 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 research report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods raised their target price on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. Nine equities research 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’s stock. Based on data from MarketBeat.com, Citizens Financial Group currently has an average rating of “Moderate Buy” and an average target price of $49.00.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $44.96 on Thursday. The stock has a market cap of $19.65 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10. Citizens Financial Group, Inc. has a fifty-two week low of $30.48 and a fifty-two week high of $49.25. 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 stock has a fifty day moving average of $45.80 and a 200-day moving average of $44.08.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 6.75% and a net margin of 12.21%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $0.85 earnings per share. Equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.74%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend 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.