Callan Family Office LLC Invests $200,000 in Citizens Financial Group, Inc. (NYSE:CFG)

Callan Family Office LLC purchased a new position in Citizens Financial Group, Inc. (NYSE:CFG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,573 shares of the bank’s stock, valued at approximately $200,000.

Other large investors have also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. bought a new position in shares of Citizens Financial Group in the fourth quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Citizens Financial Group in the fourth quarter worth $28,000. Ashton Thomas Securities LLC purchased a new stake in shares of Citizens Financial Group in the third quarter worth $27,000. Sierra Ocean LLC purchased a new stake in shares of Citizens Financial Group in the fourth quarter worth $47,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Citizens Financial Group in the third quarter worth $48,000. 94.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

CFG has been the topic of a number of recent analyst reports. Barclays increased their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Piper Sandler increased their price objective 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. The Goldman Sachs Group increased their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Raymond James restated 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, Compass Point raised their price target on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

Citizens Financial Group Trading Up 0.2 %

NYSE CFG opened at $39.90 on Wednesday. Citizens Financial Group, Inc. has a 1-year low of $32.06 and a 1-year high of $49.25. 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 stock has a 50-day moving average of $45.68 and a 200-day moving average of $44.23. The firm has a market cap of $17.44 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share 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 company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the company posted $0.85 EPS. Citizens Financial Group’s revenue for the quarter was down .1% on a year-over-year basis. As a group, sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.42 per share. 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 4.21%. Citizens Financial Group’s dividend payout ratio is presently 55.45%.

Citizens Financial Group 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.