Campbell & CO Investment Adviser LLC acquired a new position in Citizens Financial Group, Inc. (NYSE:CFG – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,573 shares of the bank’s stock, valued at approximately $450,000.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. APG Asset Management US Inc. purchased a new stake in Citizens Financial Group in the fourth quarter worth about $3,075,000. California State Teachers Retirement System lifted its holdings in shares of Citizens Financial Group by 6.4% during the fourth quarter. California State Teachers Retirement System now owns 861,097 shares of the bank’s stock valued at $28,537,000 after purchasing an additional 51,418 shares during the last quarter. Alberta Investment Management Corp purchased a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $867,000. rhino investment partners Inc lifted its holdings in shares of Citizens Financial Group by 33.9% during the fourth quarter. rhino investment partners Inc now owns 1,203,383 shares of the bank’s stock valued at $39,880,000 after purchasing an additional 304,853 shares during the last quarter. Finally, StoneX Group Inc. lifted its holdings in shares of Citizens Financial Group by 15.9% during the fourth quarter. StoneX Group Inc. now owns 30,325 shares of the bank’s stock valued at $1,005,000 after purchasing an additional 4,171 shares during the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, insider Craig Jack Read sold 6,327 shares of the business’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $33.70, for a total transaction of $213,219.90. Following the completion of the sale, the insider now owns 37,558 shares of the company’s stock, valued at approximately $1,265,704.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.62% of the company’s stock.
Citizens Financial Group Trading Up 0.7 %
NYSE:CFG opened at $34.39 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.63. Citizens Financial Group, Inc. has a 12 month low of $22.77 and a 12 month high of $37.30. The company has a market cap of $15.65 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.33 and a beta of 1.10. The company has a 50 day simple moving average of $34.89 and a two-hundred day simple moving average of $33.18.
Citizens Financial Group (NYSE:CFG – Get Free Report) last posted its earnings results on Wednesday, April 17th. The bank reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the firm posted $1.00 EPS. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. Research analysts forecast that Citizens Financial Group, Inc. will post 3.15 earnings per share for the current year.
Citizens Financial Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend was Tuesday, April 30th. Citizens Financial Group’s payout ratio is 60.87%.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on CFG. Piper Sandler upgraded shares of Citizens Financial Group from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $35.00 to $41.00 in a report on Friday, April 26th. Evercore ISI lifted their target price on shares of Citizens Financial Group from $35.00 to $39.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. Keefe, Bruyette & Woods lifted their target price on shares of Citizens Financial Group from $35.00 to $39.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Jefferies Financial Group raised their price target on shares of Citizens Financial Group from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Finally, Wedbush reduced their price target on shares of Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Hold” and an average target price of $37.73.
View Our Latest Analysis on Citizens Financial Group
About Citizens Financial Group
(Free Report)
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.
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