Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Factorial Partners LLC

Factorial Partners LLC lowered its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,000 shares of the bank’s stock after selling 1,500 shares during the period. Citizens Financial Group makes up approximately 2.0% of Factorial Partners LLC’s portfolio, making the stock its 19th largest position. Factorial Partners LLC’s holdings in Citizens Financial Group were worth $3,501,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Costello Asset Management INC acquired a new stake in Citizens Financial Group during the third quarter worth $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Citizens Financial Group during the 3rd quarter worth about $27,000. Catalyst Capital Advisors LLC purchased a new stake in Citizens Financial Group in the 3rd quarter valued at about $28,000. Ameliora Wealth Management Ltd. purchased a new stake in Citizens Financial Group in the 4th quarter valued at about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Citizens Financial Group in the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Up 1.3 %

Shares of NYSE CFG opened at $45.75 on Friday. 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, Inc. has a 52-week low of $30.54 and a 52-week high of $49.25. The business has a 50-day moving average price of $45.90 and a 200 day moving average price of $44.13. The stock has a market cap of $20.00 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $1.99 billion for 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 company’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. Equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.67%. Citizens Financial Group’s payout ratio is 55.45%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CFG shares. Compass Point upped their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Piper Sandler raised their price target on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Citigroup increased their target price 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. Stephens reiterated an “overweight” rating and set a $53.00 price target on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group raised their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

About Citizens Financial Group

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.