Private Trust Co. NA Raises Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Private Trust Co. NA lifted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 31.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,154 shares of the bank’s stock after acquiring an additional 757 shares during the period. Private Trust Co. NA’s holdings in Citizens Financial Group were worth $138,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CFG. Costello Asset Management INC acquired a new position in Citizens Financial Group in the 3rd quarter valued at about $25,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Citizens Financial Group in the 4th quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Citizens Financial Group in the fourth quarter valued at approximately $28,000. Ashton Thomas Securities LLC purchased a new stake in shares of Citizens Financial Group during the third quarter worth approximately $27,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Citizens Financial Group during the third quarter worth $28,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Trading Down 3.3 %

NYSE:CFG opened at $43.58 on Wednesday. Citizens Financial Group, Inc. has a 52-week low of $31.70 and a 52-week high of $49.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $45.92 and a 200-day simple moving average of $44.24. The company has a market capitalization of $19.05 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 earnings per share. On average, equities research analysts expect 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 announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s payout ratio is currently 55.45%.

Wall Street Analyst Weigh In

CFG has been the topic of several recent research reports. Truist Financial boosted their price objective on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research note on Tuesday, January 21st. Stephens reiterated an “overweight” rating and set a $53.00 price target on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Barclays raised their price objective on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. 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 report on Tuesday, November 26th. Finally, Compass Point increased their target price on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Nine 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. According to data from MarketBeat.com, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

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.