Commerzbank Aktiengesellschaft FI Has $333,000 Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Commerzbank Aktiengesellschaft FI increased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 6.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,637 shares of the bank’s stock after purchasing an additional 474 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Citizens Financial Group were worth $333,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CFG. US Bancorp DE lifted its position in shares of Citizens Financial Group by 2.1% during the 3rd quarter. US Bancorp DE now owns 32,324 shares of the bank’s stock worth $1,328,000 after purchasing an additional 654 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Citizens Financial Group by 196.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 17,468 shares of the bank’s stock valued at $717,000 after acquiring an additional 11,578 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new position in Citizens Financial Group in the 3rd quarter valued at approximately $275,000. Van ECK Associates Corp raised its holdings in Citizens Financial Group by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 6,330 shares of the bank’s stock valued at $262,000 after acquiring an additional 361 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new position in Citizens Financial Group in the 3rd quarter valued at approximately $292,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on CFG shares. Piper Sandler upped their price target on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Barclays upped their price target on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Raymond James reaffirmed a “strong-buy” rating and issued a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Compass Point upped their price target on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Stephens reiterated an “overweight” rating and issued a $53.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Nine investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.00.

Citizens Financial Group Stock Down 0.7 %

NYSE CFG opened at $43.31 on Thursday. The firm has a market cap of $18.93 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. Citizens Financial Group, Inc. has a one year low of $32.06 and a one year high of $49.25. The stock’s 50 day simple moving average is $45.91 and its 200 day simple moving average is $44.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Citizens Financial Group’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. As a group, sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.42 dividend. 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 3.88%. Citizens Financial Group’s payout ratio is 55.45%.

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.