Loomis Sayles & Co. L P Acquires Shares of 2,012 Citizens Financial Group, Inc. (NYSE:CFG)

Loomis Sayles & Co. L P bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,012 shares of the bank’s stock, valued at approximately $88,000.

Several other large investors also recently modified their holdings of CFG. Ameliora Wealth Management Ltd. bought a new position in Citizens Financial Group during the 4th quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $28,000. Sierra Ocean LLC bought a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $47,000. Legacy Investment Solutions LLC purchased a new stake in Citizens Financial Group in the third quarter worth $48,000. Finally, Duncker Streett & Co. Inc. bought a new stake in Citizens Financial Group in the fourth quarter valued at $51,000. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Price Performance

CFG opened at $40.26 on Monday. The firm has a market cap of $17.60 billion, a PE ratio of 13.29, a P/E/G ratio of 0.81 and a beta of 1.06. The stock has a 50-day moving average price of $44.66 and a 200-day moving average price of $44.16. 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) last issued its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Sell-side analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 annualized dividend and a yield of 4.17%. Citizens Financial Group’s dividend payout ratio is 55.45%.

Wall Street Analysts Forecast Growth

CFG has been the subject of several research reports. Citigroup decreased their price objective on shares of 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 increased their price target on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 21st. Compass Point lifted their price objective 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. Raymond James reissued a “strong-buy” rating and issued a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Finally, Truist Financial dropped their price target on Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Nine investment 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $48.67.

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.