Great Lakes Advisors LLC Has $720,000 Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Great Lakes Advisors LLC raised its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 138.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,450 shares of the bank’s stock after purchasing an additional 9,564 shares during the period. Great Lakes Advisors LLC’s holdings in Citizens Financial Group were worth $720,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. acquired a new position in Citizens Financial Group during the fourth quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Citizens Financial Group during the fourth quarter valued at approximately $28,000. Sierra Ocean LLC acquired a new stake in shares of Citizens Financial Group in the fourth quarter worth $47,000. Legacy Investment Solutions LLC acquired a new stake in shares of Citizens Financial Group in the third quarter worth $48,000. Finally, Duncker Streett & Co. Inc. acquired a new stake in shares of Citizens Financial Group in the fourth quarter worth $51,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CFG. Truist Financial raised their price objective on shares of Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group raised their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Citigroup raised their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays raised their price objective on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Finally, Compass Point raised their price objective on shares of 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $49.22.

Citizens Financial Group Stock Up 2.5 %

Shares of NYSE CFG opened at $40.72 on Monday. The stock has a market cap of $17.80 billion, a PE ratio of 13.44, a PEG ratio of 0.81 and a beta of 1.06. The business has a fifty day moving average of $45.46 and a two-hundred day moving average of $44.18. Citizens Financial Group, Inc. has a 52-week low of $32.06 and a 52-week high of $49.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last issued 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. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business’s revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $0.85 earnings per share. As a group, equities research analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.13%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 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.