Citizens Financial Group, Inc. (NYSE:CFG) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in Citizens Financial Group, Inc. (NYSE:CFG) by 14.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 219,817 shares of the bank’s stock after acquiring an additional 28,217 shares during the period. Quantinno Capital Management LP’s holdings in Citizens Financial Group were worth $9,619,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CFG shares. TD Cowen began coverage on shares of Citizens Financial Group in a research report on Thursday. They issued a “buy” rating and a $57.00 target price for the company. Raymond James restated a “strong-buy” rating and set a $48.00 price objective (down previously from $58.00) on shares of Citizens Financial Group in a research report on Thursday, April 17th. JPMorgan Chase & Co. reduced their price objective on shares of Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Stephens reduced their price objective on shares of 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. Finally, Piper Sandler reduced their price objective on shares of Citizens Financial Group from $48.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Eight research 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 company. According to data from MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.78.

Citizens Financial Group Trading Up 0.1%

Shares of NYSE CFG opened at $41.65 on Friday. Citizens Financial Group, Inc. has a one year low of $32.60 and a one year high of $49.25. The firm has a market capitalization of $18.21 billion, a PE ratio of 13.75, a PEG ratio of 0.81 and a beta of 0.74. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average price of $38.45 and a two-hundred day moving average price of $43.14.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. The business had revenue of $1.94 billion during 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%. As a group, analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.03%. Citizens Financial Group’s dividend payout ratio is 53.33%.

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.