Daiwa Securities Group Inc. Purchases 3,388 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Daiwa Securities Group Inc. increased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,432 shares of the bank’s stock after acquiring an additional 3,388 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Citizens Financial Group were worth $2,557,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp acquired a new position in Citizens Financial Group during the 4th quarter valued at about $8,134,000. BTC Capital Management Inc. lifted its holdings in Citizens Financial Group by 19.8% in the fourth quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock valued at $1,882,000 after buying an additional 7,119 shares during the period. Patton Fund Management Inc. bought a new position in Citizens Financial Group in the fourth quarter valued at approximately $6,694,000. AEGON ASSET MANAGEMENT UK Plc grew its holdings in Citizens Financial Group by 46.8% during 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 during the period. Finally, Nordea Investment Management AB raised its position in shares of Citizens Financial Group by 19.3% during the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock valued at $217,781,000 after acquiring an additional 805,758 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barclays raised their price target on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Compass Point boosted their target price on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Morgan Stanley lowered their price target on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday. Keefe, Bruyette & Woods lifted their price objective 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. Finally, Truist Financial upped their target price on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research note on Tuesday, January 21st. Nine 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.22.

Citizens Financial Group Trading Down 1.9 %

Shares of NYSE:CFG opened at $39.68 on Friday. The company’s 50-day moving average price is $45.54 and its two-hundred day moving average price is $44.17. Citizens Financial Group, Inc. has a one year low of $32.06 and a one 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. The stock has a market capitalization of $17.35 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06.

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 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 last year, the business earned $0.85 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. On average, equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.23%. Citizens Financial Group’s 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.