Cigna Investments Inc. New Invests $205,000 in Citizens Financial Group, Inc. (NYSE:CFG)

Cigna Investments Inc. New purchased a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,693 shares of the bank’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CHURCHILL MANAGEMENT Corp purchased a new position in Citizens Financial Group during the 4th quarter valued at about $8,134,000. BTC Capital Management Inc. grew its stake in Citizens Financial Group by 19.8% during the fourth quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock valued at $1,882,000 after acquiring an additional 7,119 shares in the last quarter. Patton Fund Management Inc. purchased a new position in Citizens Financial Group during the fourth quarter valued at approximately $6,694,000. AEGON ASSET MANAGEMENT UK Plc increased its holdings in Citizens Financial Group by 46.8% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock worth $50,430,000 after acquiring an additional 367,439 shares during the period. Finally, Versor Investments LP purchased a new stake in Citizens Financial Group in the 3rd quarter worth approximately $1,910,000. 94.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Compass Point boosted their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Piper Sandler boosted their target price on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Citigroup raised their price target on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Raymond James reiterated a “strong-buy” rating and set a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Finally, DA Davidson upped their price objective on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Nine equities research 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Price Performance

CFG stock opened at $47.22 on Wednesday. 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 firm has a market cap of $20.81 billion, a P/E ratio of 15.58, a P/E/G ratio of 0.84 and a beta of 1.10. The firm’s fifty day moving average is $45.78 and its 200 day moving average is $43.66. Citizens Financial Group, Inc. has a 52 week low of $30.24 and a 52 week high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $1.96 billion. During the same period last year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Research analysts predict that Citizens Financial Group, Inc. will post 3.93 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a $0.42 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.56%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 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.