Altfest L J & Co. Inc. Raises Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Altfest L J & Co. Inc. grew its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 25.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,805 shares of the bank’s stock after purchasing an additional 3,248 shares during the quarter. Altfest L J & Co. Inc.’s holdings in Citizens Financial Group were worth $524,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC increased its holdings in shares of Citizens Financial Group by 100.8% in the 3rd quarter. Lindbrook Capital LLC now owns 988 shares of the bank’s stock worth $26,000 after purchasing an additional 496 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new stake in shares of Citizens Financial Group during the 4th quarter valued at about $28,000. Clear Street Markets LLC raised its holdings in shares of Citizens Financial Group by 93.6% during the first quarter. Clear Street Markets LLC now owns 964 shares of the bank’s stock valued at $29,000 after purchasing an additional 466 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new position in Citizens Financial Group during the third quarter valued at approximately $40,000. Finally, CVA Family Office LLC purchased a new stake in Citizens Financial Group in the fourth quarter worth approximately $40,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CFG. Morgan Stanley upped their price objective on Citizens Financial Group from $31.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Royal Bank of Canada upped their target price on shares of Citizens Financial Group from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Keefe, Bruyette & Woods boosted their price objective on shares of Citizens Financial Group from $33.00 to $35.00 and gave the company a “market perform” rating in a research report on Thursday, January 18th. Evercore ISI raised their target price on Citizens Financial Group from $35.00 to $39.00 and gave the stock an “in-line” rating in a report on Thursday. Finally, The Goldman Sachs Group upped their price target on Citizens Financial Group from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $35.63.

Citizens Financial Group Trading Up 1.0 %

Shares of CFG traded up $0.35 during midday trading on Thursday, hitting $36.17. The stock had a trading volume of 1,476,907 shares, compared to its average volume of 5,915,121. The firm has a market cap of $16.58 billion, a PE ratio of 11.55 and a beta of 1.36. Citizens Financial Group, Inc. has a 1 year low of $22.77 and a 1 year high of $36.19. The stock’s 50 day moving average is $32.67 and its 200 day moving average is $29.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.88.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, January 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.26). Citizens Financial Group had a net margin of 13.19% and a return on equity of 7.40%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the company posted $1.25 EPS. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. As a group, analysts forecast that Citizens Financial Group, Inc. will post 3.21 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date was Tuesday, January 30th. Citizens Financial Group’s dividend payout ratio is currently 54.02%.

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, insider Craig Jack Read sold 4,508 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total value of $151,198.32. Following the completion of the sale, the insider now directly owns 43,885 shares of the company’s stock, valued at approximately $1,471,902.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.62% of the company’s stock.

Citizens Financial Group 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.