Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by Intrust Bank NA

Intrust Bank NA raised its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,456 shares of the bank’s stock after acquiring an additional 4,399 shares during the period. Intrust Bank NA’s holdings in Citizens Financial Group were worth $1,902,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CFG. Ameliora Wealth Management Ltd. acquired a new stake in Citizens Financial Group in the 4th quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Citizens Financial Group during the fourth quarter worth $28,000. Sierra Ocean LLC acquired a new stake in shares of Citizens Financial Group in the fourth quarter valued at $47,000. Legacy Investment Solutions LLC purchased a new position in Citizens Financial Group in the third quarter valued at $48,000. Finally, Duncker Streett & Co. Inc. acquired a new position in Citizens Financial Group during the 4th quarter worth $51,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Performance

Shares of CFG opened at $40.26 on Friday. The company’s 50 day simple moving average is $44.66 and its 200-day simple moving average is $44.10. Citizens Financial Group, Inc. has a 12-month low of $32.06 and a 12-month high of $49.25. The firm has a market cap of $17.60 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS 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 company 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 business posted $0.85 earnings per share. Citizens Financial Group’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 4.17%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 55.45%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CFG shares. Compass Point increased their price target on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Piper Sandler raised 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. Stephens reiterated an “overweight” rating and set a $53.00 price target on shares of Citizens Financial Group in a report on Wednesday, January 29th. Citigroup reduced their price objective on shares of Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Finally, Raymond James reiterated a “strong-buy” rating and set a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Citizens Financial Group has a consensus rating of “Moderate Buy” and a consensus price target of $48.67.

About Citizens Financial Group

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.