Siemens Fonds Invest GmbH Purchases 58,832 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Siemens Fonds Invest GmbH grew its position in Citizens Financial Group, Inc. (NYSE:CFG) by 1,113.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,114 shares of the bank’s stock after purchasing an additional 58,832 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Citizens Financial Group were worth $2,806,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CFG. Ameliora Wealth Management Ltd. acquired a new position in Citizens Financial Group in the fourth quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Citizens Financial Group during the 4th quarter valued at $28,000. Colonial Trust Co SC boosted its stake in Citizens Financial Group by 673.0% during the fourth quarter. Colonial Trust Co SC now owns 889 shares of the bank’s stock worth $39,000 after acquiring an additional 774 shares in the last quarter. Sierra Ocean LLC bought a new stake in Citizens Financial Group in the fourth quarter valued at $47,000. Finally, Duncker Streett & Co. Inc. acquired a new position in shares of Citizens Financial Group during the fourth quarter valued at about $51,000. Institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CFG. TD Cowen initiated coverage on Citizens Financial Group in a research note on Thursday. They issued a “buy” rating and a $57.00 price objective for the company. Royal Bank of Canada cut their price target on Citizens Financial Group from $50.00 to $44.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. Raymond James reissued a “strong-buy” rating and issued a $48.00 price objective (down from $58.00) on shares of Citizens Financial Group in a research note on Thursday, April 17th. JPMorgan Chase & Co. cut their target price on Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Finally, Truist Financial lowered their price target on Citizens Financial Group from $51.00 to $43.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Eight 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $46.78.

Citizens Financial Group Stock Performance

NYSE CFG opened at $41.65 on Friday. The firm has a market cap of $18.21 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average is $38.45 and its 200-day moving average is $43.14. Citizens Financial Group, Inc. has a 12-month low of $32.60 and a 12-month high of $49.25.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 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 $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Sell-side analysts predict 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 Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was Wednesday, April 30th. Citizens Financial Group’s dividend payout ratio is presently 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.