48,000 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Bought by Caption Management LLC

Caption Management LLC purchased a new position in Citizens Financial Group, Inc. (NYSE:CFG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 48,000 shares of the bank’s stock, valued at approximately $2,100,000.

Other large investors also recently modified their holdings of the company. Ameliora Wealth Management Ltd. acquired a new position in shares of Citizens Financial Group in the 4th quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Citizens Financial Group during the 4th quarter worth approximately $28,000. Sierra Ocean LLC bought a new position in Citizens Financial Group in the fourth quarter valued at approximately $47,000. Duncker Streett & Co. Inc. acquired a new position in shares of Citizens Financial Group in the fourth quarter valued at approximately $51,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Citizens Financial Group during the fourth quarter worth $66,000. 94.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on CFG shares. Raymond James reaffirmed a “strong-buy” rating and issued a $48.00 price objective (down from $58.00) on shares of Citizens Financial Group in a research report on Thursday, April 17th. Stephens reduced their price objective on Citizens Financial Group from $53.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. DA Davidson dropped their target price on Citizens Financial Group from $53.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Royal Bank of Canada reduced their price target on Citizens Financial Group from $50.00 to $44.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. Finally, Truist Financial lowered their price objective on shares of Citizens Financial Group from $51.00 to $43.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.18.

Citizens Financial Group Price Performance

Shares of CFG opened at $38.19 on Wednesday. The firm has a market capitalization of $16.69 billion, a PE ratio of 12.60, a PEG ratio of 0.81 and a beta of 0.74. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The company’s 50-day moving average is $38.82 and its 200-day moving average is $43.22. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Wednesday, April 30th. Citizens Financial Group’s dividend payout ratio is currently 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.