7,415 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Bought by Quantessence Capital LLC

Quantessence Capital LLC purchased a new stake in Citizens Financial Group, Inc. (NYSE:CFG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,415 shares of the bank’s stock, valued at approximately $324,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CFG. Hsbc Holdings PLC grew its position in Citizens Financial Group by 8.9% during the fourth quarter. Hsbc Holdings PLC now owns 3,160,954 shares of the bank’s stock worth $138,351,000 after buying an additional 257,410 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Citizens Financial Group by 2,285.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 28,651 shares of the bank’s stock worth $1,254,000 after acquiring an additional 27,450 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Citizens Financial Group by 83.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 33,753 shares of the bank’s stock worth $1,477,000 after purchasing an additional 15,378 shares in the last quarter. MML Investors Services LLC increased its position in shares of Citizens Financial Group by 5.8% during the fourth quarter. MML Investors Services LLC now owns 56,989 shares of the bank’s stock valued at $2,494,000 after purchasing an additional 3,143 shares during the period. Finally, Mesirow Institutional Investment Management Inc. raised its stake in shares of Citizens Financial Group by 55.9% in the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 90,123 shares of the bank’s stock valued at $3,944,000 after purchasing an additional 32,327 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CFG shares. Piper Sandler decreased their price target on shares of Citizens Financial Group from $48.00 to $43.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Barclays decreased their target price on shares of Citizens Financial Group from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. Keefe, Bruyette & Woods cut their price target on shares of Citizens Financial Group from $49.00 to $45.00 and set a “market perform” rating for the company in a research note on Thursday, April 17th. Raymond James reaffirmed a “strong-buy” rating and set a $48.00 price objective (down from $58.00) on shares of Citizens Financial Group in a report on Thursday, April 17th. Finally, Stephens dropped their target price on Citizens Financial Group from $53.00 to $48.00 and set an “outperform” rating for the company in a report on Monday, April 7th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $45.82.

Citizens Financial Group Price Performance

Shares of CFG stock opened at $35.82 on Wednesday. Citizens Financial Group, Inc. has a 1 year low of $32.60 and a 1 year high of $49.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm’s 50 day moving average is $40.45 and its 200-day moving average is $43.53. The firm has a market capitalization of $15.66 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 0.81 and a beta of 0.81.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Sell-side 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 declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.69%. The ex-dividend date is Wednesday, April 30th. Citizens Financial Group’s dividend payout ratio is 53.33%.

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.