True Wealth Design LLC Grows Stake in Citizens Financial Group, Inc. (NYSE:CFG)

True Wealth Design LLC raised its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 10.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,890 shares of the bank’s stock after purchasing an additional 275 shares during the quarter. True Wealth Design LLC’s holdings in Citizens Financial Group were worth $126,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in Citizens Financial Group in the 4th quarter worth approximately $243,431,000. Wellington Management Group LLP increased its holdings in Citizens Financial Group by 27.8% in the 4th quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank’s stock worth $462,547,000 after acquiring an additional 2,298,040 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Citizens Financial Group by 20.9% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank’s stock worth $423,733,000 after acquiring an additional 1,672,204 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Citizens Financial Group by 32.2% during the fourth quarter. AQR Capital Management LLC now owns 6,186,364 shares of the bank’s stock worth $270,715,000 after buying an additional 1,507,536 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Citizens Financial Group during the fourth quarter worth $56,483,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CFG. Argus set a $45.00 price objective on shares of Citizens Financial Group in a report on Thursday, April 24th. Raymond James reissued a “strong-buy” rating and issued a $48.00 price objective (down previously from $58.00) on shares of Citizens Financial Group in a research note on Thursday, April 17th. Morgan Stanley decreased their price target on shares of Citizens Financial Group from $54.00 to $43.00 and set an “equal weight” rating for the company in a research note 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. Truist Financial decreased their price target on shares of Citizens Financial Group from $51.00 to $43.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Finally, TD Cowen initiated coverage on shares of Citizens Financial Group in a report on Thursday. They set a “buy” rating and a $57.00 price objective on the stock. Eight equities research 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.com, Citizens Financial Group has a consensus rating of “Moderate Buy” and an average target price of $46.78.

Citizens Financial Group Trading Up 0.3%

Shares of CFG opened at $41.84 on Friday. The company has a market cap of $18.29 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 0.81 and a beta of 0.74. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week high of $49.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a fifty day moving average price of $38.49 and a two-hundred day moving average price of $43.14.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, beating 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 business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.68 annualized dividend and a yield of 4.02%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 53.33%.

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.