Landscape Capital Management L.L.C. Acquires Shares of 9,093 Citizens Financial Group, Inc. (NYSE:CFG)

Landscape Capital Management L.L.C. bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the fourth quarter, Holdings Channel reports. The firm bought 9,093 shares of the bank’s stock, valued at approximately $398,000.

Several other hedge funds have also added to or reduced their stakes in CFG. Ameliora Wealth Management Ltd. bought a new stake in shares of Citizens Financial Group in the fourth quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Citizens Financial Group during the 4th quarter valued at $28,000. Sierra Ocean LLC purchased a new stake in shares of Citizens Financial Group during the fourth quarter worth $47,000. Duncker Streett & Co. Inc. bought a new position in shares of Citizens Financial Group in the fourth quarter worth $51,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Citizens Financial Group in the fourth quarter valued at $66,000. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $34.76 on Tuesday. The company’s fifty day moving average is $43.52 and its 200 day moving average is $44.05. 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 52 week low of $32.06 and a 52 week high of $49.25. The stock has a market cap of $15.20 billion, a PE ratio of 11.47, a PEG ratio of 0.81 and a beta of 0.81.

Citizens Financial Group (NYSE:CFG) last released its earnings results 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 return on equity of 6.75% and a net margin of 12.21%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the company posted $0.85 EPS. Citizens Financial Group’s revenue for the quarter was down .1% on a year-over-year basis. Research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company 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 4.83%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Wall Street Analysts Forecast Growth

CFG has been the topic of a number of recent research reports. Barclays increased their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Stephens reaffirmed an “overweight” rating and set a $53.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Citigroup lowered their target price on shares of Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Raymond James restated a “strong-buy” rating and set a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Finally, Compass Point lifted their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Nine investment 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $49.06.

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.