Yousif Capital Management LLC Has $2.55 Million Stake in Citizens Financial Group, Inc. $CFG

Yousif Capital Management LLC trimmed its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,058 shares of the bank’s stock after selling 1,050 shares during the period. Yousif Capital Management LLC’s holdings in Citizens Financial Group were worth $2,553,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CFG. Kingswood Wealth Advisors LLC raised its position in shares of Citizens Financial Group by 86.1% in the first quarter. Kingswood Wealth Advisors LLC now owns 24,227 shares of the bank’s stock valued at $984,000 after buying an additional 11,211 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Citizens Financial Group by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 51,214 shares of the bank’s stock valued at $2,098,000 after buying an additional 955 shares in the last quarter. Blue Trust Inc. raised its position in shares of Citizens Financial Group by 40.7% in the first quarter. Blue Trust Inc. now owns 9,609 shares of the bank’s stock valued at $394,000 after buying an additional 2,779 shares in the last quarter. GAM Holding AG acquired a new stake in shares of Citizens Financial Group in the first quarter valued at approximately $1,281,000. Finally, Center For Asset Management LLC acquired a new stake in shares of Citizens Financial Group in the first quarter valued at approximately $636,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Stock Performance

NYSE CFG opened at $49.26 on Friday. The firm’s fifty day moving average price is $51.37 and its two-hundred day moving average price is $45.14. The stock has a market cap of $21.25 billion, a PE ratio of 13.80, a PEG ratio of 0.54 and a beta of 0.79. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $55.24. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, October 15th. The bank reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Citizens Financial Group had a net margin of 14.17% and a return on equity of 7.48%. The company’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 earnings per share. On average, equities analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Wednesday, October 29th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, October 29th. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.7%. Citizens Financial Group’s payout ratio is presently 51.06%.

Analysts Set New Price Targets

Several brokerages have commented on CFG. Truist Financial lowered their price objective on shares of Citizens Financial Group from $58.00 to $56.00 and set a “hold” rating for the company in a research report on Friday. Cantor Fitzgerald began coverage on shares of Citizens Financial Group in a research report on Wednesday, September 10th. They set an “overweight” rating and a $61.00 price objective for the company. Stephens restated an “overweight” rating and set a $60.00 price objective on shares of Citizens Financial Group in a research report on Thursday. Evercore ISI boosted their price objective on shares of Citizens Financial Group from $57.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Finally, Barclays boosted their price objective on shares of Citizens Financial Group from $55.00 to $56.00 and gave the company an “equal weight” rating in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.57.

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.