GAMMA Investing LLC Has $538,000 Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

GAMMA Investing LLC raised its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,285 shares of the bank’s stock after purchasing an additional 997 shares during the period. GAMMA Investing LLC’s holdings in Citizens Financial Group were worth $538,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in Citizens Financial Group by 207.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock valued at $339,733,000 after purchasing an additional 5,579,313 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Citizens Financial Group by 61.4% during the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock worth $155,909,000 after buying an additional 1,682,886 shares in the last quarter. State Street Corp boosted its position in shares of Citizens Financial Group by 6.7% in the third quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock valued at $1,060,689,000 after acquiring an additional 1,615,144 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Citizens Financial Group by 85.6% in the third quarter. Assenagon Asset Management S.A. now owns 2,043,650 shares of the bank’s stock valued at $83,933,000 after acquiring an additional 942,662 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Citizens Financial Group by 51.1% during the third quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank’s stock worth $107,897,000 after acquiring an additional 894,322 shares during the period. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Trading Up 2.2 %

Shares of Citizens Financial Group stock opened at $44.56 on Monday. The stock has a market capitalization of $19.64 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10. Citizens Financial Group, Inc. has a 52 week low of $30.24 and a 52 week high of $49.25. The stock has a 50 day moving average price of $45.28 and a two-hundred day moving average price of $42.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting analysts’ consensus estimates of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the business posted $0.85 EPS. Citizens Financial Group’s quarterly revenue was down 5.6% on a year-over-year basis. As a group, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were paid a dividend of $0.42 per share. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.77%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 66.14%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CFG. Barclays increased their target price on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Piper Sandler lifted their price objective on 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 upgraded shares of Citizens Financial Group from a “market perform” rating to a “strong-buy” rating and set a $55.00 price target on the stock in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada lifted their target price on Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Citizens Financial Group currently has an average rating of “Moderate Buy” and an average price target of $47.41.

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.