Drucker Wealth 3.0 LLC Purchases New Holdings in Citizens Financial Group, Inc. $CFG

Drucker Wealth 3.0 LLC bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 4,748 shares of the bank’s stock, valued at approximately $225,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Trust Co. of Vermont increased its position in Citizens Financial Group by 177.5% during the 2nd quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock worth $29,000 after purchasing an additional 410 shares during the period. Investors Research Corp increased its position in Citizens Financial Group by 344.8% during the 2nd quarter. Investors Research Corp now owns 645 shares of the bank’s stock worth $29,000 after purchasing an additional 500 shares during the period. Grove Bank & Trust increased its position in Citizens Financial Group by 97.1% during the 1st quarter. Grove Bank & Trust now owns 678 shares of the bank’s stock worth $28,000 after purchasing an additional 334 shares during the period. REAP Financial Group LLC increased its position in Citizens Financial Group by 72.4% during the 2nd quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock worth $33,000 after purchasing an additional 309 shares during the period. Finally, Cary Street Partners Investment Advisory LLC increased its position in Citizens Financial Group by 143.4% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,076 shares of the bank’s stock worth $44,000 after purchasing an additional 634 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. UBS Group boosted their target price on Citizens Financial Group from $57.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Citigroup upped their price target on Citizens Financial Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Truist Financial upped their price target on Citizens Financial Group from $52.00 to $58.00 and gave the stock a “hold” rating in a report on Friday, October 3rd. Wall Street Zen upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Finally, DA Davidson upped their price target on Citizens Financial Group from $49.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Citizens Financial Group has an average rating of “Moderate Buy” and an average price target of $55.86.

Citizens Financial Group Price Performance

CFG stock opened at $49.25 on Friday. Citizens Financial Group, Inc. has a 1 year low of $32.60 and a 1 year high of $55.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.84 and a current ratio of 0.85. The stock’s 50 day moving average price is $51.06 and its 200 day moving average price is $44.84. The firm has a market cap of $21.24 billion, a P/E ratio of 14.97, a PEG ratio of 0.54 and a beta of 0.79.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Thursday, July 17th. The bank reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.04. Citizens Financial Group had a return on equity of 6.94% and a net margin of 13.26%.The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the company earned $0.82 EPS. Citizens Financial Group’s revenue was up 3.8% on a year-over-year basis. On average, sell-side analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, July 31st were paid a $0.42 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.4%. Citizens Financial Group’s dividend payout ratio is presently 51.06%.

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.