DRW Securities LLC Buys New Stake in Citizens Financial Group, Inc. (NYSE:CFG)

DRW Securities LLC purchased a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the fourth quarter, Holdings Channel reports. The fund purchased 99,875 shares of the bank’s stock, valued at approximately $4,371,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. My Legacy Advisors LLC increased its position in Citizens Financial Group by 1.0% during the fourth quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock worth $1,074,000 after buying an additional 229 shares during the last quarter. Brooklyn Investment Group increased its position in Citizens Financial Group by 3.3% in the 4th quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock worth $320,000 after buying an additional 233 shares during the period. 1620 Investment Advisors Inc. grew its stake in shares of Citizens Financial Group by 3.2% in the fourth quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank’s stock worth $338,000 after acquiring an additional 238 shares during the last quarter. SeaCrest Wealth Management LLC increased its position in Citizens Financial Group by 0.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock worth $1,257,000 after acquiring an additional 246 shares during the period. Finally, Ballentine Partners LLC raised its stake in Citizens Financial Group by 3.3% during the 4th quarter. Ballentine Partners LLC now owns 7,777 shares of the bank’s stock valued at $340,000 after purchasing an additional 247 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

CFG has been the topic of several research reports. Truist Financial dropped their price objective on shares of Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Stephens reaffirmed an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their price objective on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, January 21st. Morgan Stanley cut their target price on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Finally, Citigroup decreased their price target on shares of Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Citizens Financial Group presently has an average rating of “Moderate Buy” and an average target price of $49.06.

Citizens Financial Group Stock Performance

CFG stock opened at $34.28 on Wednesday. The stock has a market capitalization of $14.99 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The company has a 50 day moving average price of $42.99 and a 200 day moving average price of $43.93. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend 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.