Citizens Financial Group, Inc. $CFG Stake Lifted by BTC Capital Management Inc.

BTC Capital Management Inc. raised its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 51.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 80,721 shares of the bank’s stock after buying an additional 27,554 shares during the quarter. BTC Capital Management Inc.’s holdings in Citizens Financial Group were worth $4,290,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CFG. GoalVest Advisory LLC increased its holdings in shares of Citizens Financial Group by 16,900.0% in the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after acquiring an additional 676 shares during the period. True Wealth Design LLC grew its position in Citizens Financial Group by 891.5% in the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after purchasing an additional 526 shares during the last quarter. Capital A Wealth Management LLC increased its stake in shares of Citizens Financial Group by 3,970.0% in the second quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock valued at $36,000 after purchasing an additional 794 shares during the period. State of Wyoming bought a new stake in shares of Citizens Financial Group during the second quarter valued at approximately $39,000. Finally, Kestra Investment Management LLC raised its holdings in shares of Citizens Financial Group by 2,703.0% during the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock valued at $41,000 after buying an additional 892 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of CFG opened at $65.09 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.84. The firm’s 50 day moving average is $61.42 and its 200-day moving average is $54.82. Citizens Financial Group, Inc. has a 12-month low of $32.60 and a 12-month high of $68.79. The stock has a market capitalization of $27.95 billion, a P/E ratio of 16.82, a P/E/G ratio of 0.53 and a beta of 0.72.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.89%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. Equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, February 4th. This represents a $1.84 annualized dividend and a dividend yield of 2.8%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 47.55%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CFG shares. Truist Financial raised their target price on Citizens Financial Group from $63.00 to $71.00 and gave the company a “hold” rating in a research report on Monday, January 26th. Barclays set a $77.00 price target on Citizens Financial Group and gave the stock an “overweight” rating in a research note on Monday, January 5th. DA Davidson upped their price objective on shares of Citizens Financial Group from $65.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Royal Bank Of Canada raised their price objective on shares of Citizens Financial Group from $60.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Finally, Citigroup boosted their target price on Citizens Financial Group from $65.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.77.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.