22,980 Shares in Citizens Financial Group, Inc. $CFG Bought by Krilogy Financial LLC

Krilogy Financial LLC bought a new stake in Citizens Financial Group, Inc. (NYSE:CFG) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 22,980 shares of the bank’s stock, valued at approximately $1,182,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its position 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 acquiring an additional 274 shares during the last quarter. Empowered Funds LLC boosted its position in Citizens Financial Group by 6.7% during the first quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock valued at $362,000 after purchasing an additional 554 shares during the last quarter. Woodline Partners LP grew its stake in Citizens Financial Group by 39.5% in the first quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock valued at $1,513,000 after purchasing an additional 10,466 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Citizens Financial Group by 93.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock worth $439,000 after purchasing an additional 4,739 shares during the last quarter. Finally, Blair William & Co. IL increased its position in shares of Citizens Financial Group by 5.6% during the 2nd quarter. Blair William & Co. IL now owns 15,411 shares of the bank’s stock worth $690,000 after purchasing an additional 819 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Stock Performance

NYSE CFG opened at $64.72 on Friday. The stock has a market cap of $27.80 billion, a PE ratio of 16.72, a P/E/G ratio of 0.54 and a beta of 0.72. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85. The firm has a 50-day moving average of $61.23 and a 200-day moving average of $54.71. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week high of $68.79.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The business had revenue of $2.16 billion for 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 7.89%. Citizens Financial Group’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 EPS. On average, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced 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 is Wednesday, February 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.8%. Citizens Financial Group’s dividend payout ratio (DPR) is 47.55%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CFG. Evercore increased their price objective on Citizens Financial Group from $69.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Truist Financial increased their price target on shares of Citizens Financial Group from $63.00 to $71.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Bank of America boosted their price objective on shares of Citizens Financial Group from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $73.00 target price on shares of Citizens Financial Group in a report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. lifted their price target on Citizens Financial Group from $62.50 to $71.00 and gave the stock an “overweight” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.77.

About Citizens Financial Group

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.