Todd Asset Management LLC Purchases 2,321 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Todd Asset Management LLC raised its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 0.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,421,913 shares of the bank’s stock after purchasing an additional 2,321 shares during the period. Citizens Financial Group accounts for about 1.5% of Todd Asset Management LLC’s portfolio, making the stock its 11th largest position. Todd Asset Management LLC’s holdings in Citizens Financial Group were worth $62,223,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Ballentine Partners LLC lifted its stake in Citizens Financial Group by 16.3% during the 3rd quarter. Ballentine Partners LLC now owns 7,530 shares of the bank’s stock valued at $309,000 after acquiring an additional 1,057 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Citizens Financial Group by 39.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,279 shares of the bank’s stock worth $1,235,000 after buying an additional 8,579 shares in the last quarter. Forsta AP Fonden grew its holdings in shares of Citizens Financial Group by 16.6% during the third quarter. Forsta AP Fonden now owns 118,300 shares of the bank’s stock worth $4,859,000 after buying an additional 16,800 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Citizens Financial Group by 35.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 104,219 shares of the bank’s stock worth $4,280,000 after buying an additional 27,152 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Citizens Financial Group by 0.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 275,006 shares of the bank’s stock valued at $11,171,000 after purchasing an additional 2,306 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on CFG shares. Raymond James reaffirmed a “strong-buy” rating and issued a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Stephens reissued an “overweight” rating and set a $53.00 price target on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Truist Financial upped their target price on shares of Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods increased their price target on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group increased their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.00.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $44.32 on Tuesday. Citizens Financial Group, Inc. has a one year low of $30.30 and a one year high of $49.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The company’s fifty day moving average is $45.76 and its two-hundred day moving average is $44.04. The firm has a market capitalization of $19.37 billion, a P/E ratio of 14.63, a PEG ratio of 0.81 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the firm earned $0.85 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s payout ratio is 55.45%.

Citizens Financial Group Company 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.