Focus Partners Wealth Has $1.14 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Focus Partners Wealth raised its position in Citizens Financial Group, Inc. (NYSE:CFG) by 20.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 26,025 shares of the bank’s stock after purchasing an additional 4,420 shares during the period. Focus Partners Wealth’s holdings in Citizens Financial Group were worth $1,139,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Colonial Trust Co SC increased its position in shares of Citizens Financial Group by 673.0% in the fourth quarter. Colonial Trust Co SC now owns 889 shares of the bank’s stock valued at $39,000 after acquiring an additional 774 shares during the last quarter. Capitolis Liquid Global Markets LLC acquired a new stake in shares of Citizens Financial Group in the fourth quarter valued at about $10,940,000. Caption Management LLC acquired a new stake in shares of Citizens Financial Group in the fourth quarter valued at about $2,100,000. Cetera Investment Advisers increased its position in shares of Citizens Financial Group by 5.3% in the fourth quarter. Cetera Investment Advisers now owns 155,418 shares of the bank’s stock valued at $6,801,000 after acquiring an additional 7,823 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Citizens Financial Group by 1.4% in the fourth quarter. Captrust Financial Advisors now owns 104,066 shares of the bank’s stock valued at $4,554,000 after acquiring an additional 1,487 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Trading Up 0.3%

Shares of NYSE:CFG opened at $41.84 on Friday. Citizens Financial Group, Inc. has a 12-month low of $32.60 and a 12-month high of $49.25. The stock has a market cap of $18.29 billion, a PE ratio of 13.81, a P/E/G ratio of 0.81 and a beta of 0.74. The business has a 50 day moving average of $38.49 and a 200-day moving average of $43.14. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.94 billion. As a group, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date was Wednesday, April 30th. Citizens Financial Group’s dividend payout ratio is presently 53.33%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. DA Davidson lowered their target price on Citizens Financial Group from $53.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Morgan Stanley lowered their price target on Citizens Financial Group from $54.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. Barclays lowered their price target on Citizens Financial Group from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. TD Cowen began coverage on Citizens Financial Group in a research report on Thursday. They set a “buy” rating and a $57.00 price target on the stock. Finally, Argus set a $45.00 price target on Citizens Financial Group in a research report on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Citizens Financial Group currently has an average rating of “Moderate Buy” and a consensus price target of $46.78.

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.