185,432 Shares in Citizens Financial Group, Inc. $CFG Bought by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. purchased a new stake in Citizens Financial Group, Inc. (NYSE:CFG) in the 3rd quarter, HoldingsChannel reports. The fund purchased 185,432 shares of the bank’s stock, valued at approximately $9,858,000.

Several other institutional investors have also recently bought and sold shares of the business. NewEdge Advisors LLC lifted its stake in shares of Citizens Financial Group by 2.4% in the first quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock valued at $472,000 after buying an additional 274 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Citizens Financial Group by 6.7% in the 1st quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock worth $362,000 after acquiring an additional 554 shares during the last quarter. Woodline Partners LP lifted its position in Citizens Financial Group by 39.5% in the 1st quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock valued at $1,513,000 after acquiring an additional 10,466 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in Citizens Financial Group by 93.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock valued at $439,000 after purchasing an additional 4,739 shares during the last quarter. Finally, Brookstone Capital Management increased its holdings in Citizens Financial Group by 2.9% during the 2nd quarter. Brookstone Capital Management now owns 7,497 shares of the bank’s stock worth $336,000 after purchasing an additional 214 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analysts Set New Price Targets

CFG has been the topic of a number of recent research reports. Bank of America raised their target price on Citizens Financial Group from $70.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $73.00 price objective on shares of Citizens Financial Group in a report on Tuesday, January 6th. Keefe, Bruyette & Woods upped their target price on shares of Citizens Financial Group from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. TD Cowen raised their price target on shares of Citizens Financial Group from $75.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, Truist Financial boosted their price target on shares of Citizens Financial Group from $63.00 to $71.00 and gave the stock a “hold” rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $68.77.

Citizens Financial Group Trading Up 1.1%

NYSE CFG opened at $65.27 on Friday. The business’s fifty day moving average is $62.17 and its 200-day moving average is $55.41. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.85 and a quick ratio of 0.84. The stock has a market capitalization of $27.74 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 0.53 and a beta of 0.72. Citizens Financial Group, Inc. has a one year low of $32.60 and a one year high of $68.79.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.02. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. Equities research analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th were paid a dividend of $0.46 per share. The ex-dividend date was 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 presently 47.55%.

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.