Delta Financial Group Inc. Purchases Shares of 5,900 Citizens Financial Group, Inc. (NYSE:CFG)

Delta Financial Group Inc. acquired a new position in Citizens Financial Group, Inc. (NYSE:CFG) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 5,900 shares of the bank’s stock, valued at approximately $258,000.

Other large investors have also recently made changes to their positions in the company. CHURCHILL MANAGEMENT Corp bought a new stake in Citizens Financial Group in the fourth quarter valued at $8,134,000. BTC Capital Management Inc. lifted its position in shares of Citizens Financial Group by 19.8% in the 4th quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock worth $1,882,000 after purchasing an additional 7,119 shares during the period. AEGON ASSET MANAGEMENT UK Plc boosted its stake in shares of 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 valued at $50,430,000 after purchasing an additional 367,439 shares in the last quarter. Patton Fund Management Inc. purchased a new position in shares of Citizens Financial Group during the fourth quarter valued at about $6,694,000. Finally, Versor Investments LP bought a new position in Citizens Financial Group in the third quarter worth about $1,910,000. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $44.87 on Monday. 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 firm has a market cap of $19.61 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10. The business has a 50-day simple moving average of $45.79 and a two-hundred day simple moving average of $44.01. Citizens Financial Group, Inc. has a fifty-two week low of $30.30 and a fifty-two week high of $49.25.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data 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. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 earnings per share. On average, analysts expect 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 declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 3.74%. Citizens Financial Group’s payout ratio is 55.45%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CFG shares. Keefe, Bruyette & Woods lifted their price objective on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday, January 21st. Citigroup upped their price target on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Truist Financial raised their price objective on Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. Raymond James reaffirmed a “strong-buy” rating and issued a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Finally, Piper Sandler increased their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

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.