Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. raised its position in Citizens Financial Group, Inc. (NYSE:CFG) by 10.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,357 shares of the bank’s stock after buying an additional 1,801 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Citizens Financial Group were worth $847,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CFG. Costello Asset Management INC acquired a new position in shares of Citizens Financial Group during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Citizens Financial Group during the 3rd quarter worth approximately $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Citizens Financial Group during the 3rd quarter worth approximately $28,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Citizens Financial Group during the 4th quarter worth approximately $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Citizens Financial Group during the 4th quarter worth approximately $28,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Stock Down 0.7 %

Citizens Financial Group stock opened at $43.31 on Thursday. Citizens Financial Group, Inc. has a twelve month low of $32.06 and a twelve month high of $49.25. The stock’s fifty day simple moving average is $45.91 and its 200-day simple moving average is $44.23. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $18.93 billion, a P/E ratio of 14.29, a P/E/G ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG) last posted 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. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. The company’s revenue was down .1% on a year-over-year basis. As a group, equities analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods boosted their target price 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. Citigroup boosted their target price on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. The Goldman Sachs Group upped their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Truist Financial upped their price objective 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, Piper Sandler upped their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Citizens Financial Group currently has an average rating of “Moderate Buy” and an average price target of $49.00.

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.