SG Americas Securities LLC Increases Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

SG Americas Securities LLC grew its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1,073.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 332,912 shares of the bank’s stock after buying an additional 304,553 shares during the quarter. SG Americas Securities LLC’s holdings in Citizens Financial Group were worth $14,568,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CFG. Intech Investment Management LLC grew its stake in shares of Citizens Financial Group by 104.9% during the 2nd quarter. Intech Investment Management LLC now owns 11,359 shares of the bank’s stock valued at $409,000 after buying an additional 5,815 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Citizens Financial Group by 4.3% during the 2nd quarter. Pacer Advisors Inc. now owns 33,751 shares of the bank’s stock valued at $1,216,000 after acquiring an additional 1,379 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Citizens Financial Group by 2.6% during the 2nd quarter. Sei Investments Co. now owns 219,866 shares of the bank’s stock valued at $7,922,000 after acquiring an additional 5,627 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Citizens Financial Group by 1.3% during the 2nd quarter. ProShare Advisors LLC now owns 111,418 shares of the bank’s stock valued at $4,014,000 after acquiring an additional 1,457 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in shares of Citizens Financial Group by 4.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 77,114 shares of the bank’s stock valued at $2,778,000 after acquiring an additional 3,335 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $47.36 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a fifty-two week low of $30.24 and a fifty-two week high of $49.25. The firm has a 50-day simple moving average of $45.71 and a 200 day simple moving average of $42.91. The company has a market cap of $20.87 billion, a PE ratio of 15.63, a P/E/G ratio of 0.84 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1,962,330 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.95 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.55%. The ex-dividend date is Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is 55.45%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Stephens restated an “overweight” rating and set a $53.00 target price on shares of Citizens Financial Group in a report on Tuesday. Piper Sandler lifted their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. DA Davidson lifted their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Compass Point boosted their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group boosted their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus price target of $49.00.

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.