Cowa LLC Acquires New Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Cowa LLC bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 8,588 shares of the bank’s stock, valued at approximately $376,000.

Other institutional investors also recently made changes to their positions in the company. Costello Asset Management INC purchased a new stake in shares of Citizens Financial Group during the 3rd quarter worth $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Citizens Financial Group during the 3rd quarter worth $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Citizens Financial Group during the 3rd quarter worth $28,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Citizens Financial Group during the 4th quarter worth $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Citizens Financial Group during the 4th quarter worth $28,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Piper Sandler lifted their price target on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Citigroup boosted their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. The Goldman Sachs Group boosted their target price 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. Compass Point boosted their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Raymond James reissued 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 note on Tuesday, January 21st. Nine equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Stock Down 2.8 %

Shares of NYSE:CFG opened at $44.87 on Friday. The stock has a market capitalization of $19.61 billion, a P/E ratio of 14.81, a PEG ratio of 0.83 and a beta of 1.10. Citizens Financial Group, Inc. has a 1 year low of $30.30 and a 1 year high of $49.25. The stock has a 50-day simple moving average of $45.80 and a 200-day simple moving average of $43.89. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Citizens Financial Group’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. Equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is presently 55.45%.

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.