Fort Sheridan Advisors LLC Has $855,000 Position in Citizens Financial Group, Inc. (NYSE:CFG)

Fort Sheridan Advisors LLC increased its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 155.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,532 shares of the bank’s stock after purchasing an additional 11,880 shares during the period. Fort Sheridan Advisors LLC’s holdings in Citizens Financial Group were worth $855,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

CFG has been the subject of several analyst reports. Piper Sandler lifted their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Raymond James reiterated 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. Compass Point increased their price target on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group lifted their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods increased their target price on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” 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 company. Based on data from MarketBeat, Citizens Financial Group has an average rating of “Moderate Buy” and an average price target of $49.00.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $45.15 on Friday. 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 firm has a market capitalization of $19.74 billion, a P/E ratio of 14.90, a PEG ratio of 0.81 and a beta of 1.10. The business has a 50-day moving average of $45.85 and a 200-day moving average of $44.09. Citizens Financial Group, Inc. has a 1 year low of $30.54 and a 1 year high of $49.25.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. On average, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid 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 yield of 3.72%. Citizens Financial Group’s payout ratio is 55.45%.

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.