Allegiance Financial Group Advisory Services LLC Makes New Investment in Citizens Financial Group, Inc. (NYSE:CFG)

Allegiance Financial Group Advisory Services LLC purchased a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 6,789 shares of the bank’s stock, valued at approximately $297,000.

Several other hedge funds have also recently added to or reduced their stakes in CFG. Costello Asset Management INC bought a new stake in Citizens Financial Group during the third quarter worth about $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Citizens Financial Group in the 3rd quarter valued at about $27,000. Catalyst Capital Advisors LLC bought a new stake in shares of Citizens Financial Group in the 3rd quarter valued at about $28,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Citizens Financial Group in the 4th quarter valued at about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Citizens Financial Group in the 4th quarter valued at about $28,000. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Up 1.2 %

CFG stock opened at $44.96 on Thursday. Citizens Financial Group, Inc. has a fifty-two week low of $30.48 and a fifty-two week high of $49.25. The business’s 50 day moving average price is $45.80 and its two-hundred day moving average price is $44.08. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $19.65 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The business’s revenue for the quarter was down .1% on a year-over-year basis. As a group, analysts forecast 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 declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.74%. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CFG shares. Barclays boosted their target price on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Raymond James reissued a “strong-buy” rating and issued a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Citigroup boosted their target price on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Piper Sandler boosted their target price on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Truist Financial boosted their price target on Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a report on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

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.