AlphaQuest LLC decreased its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 38.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,418 shares of the bank's stock after selling 29,892 shares during the quarter. AlphaQuest LLC's holdings in Citizens Financial Group were worth $2,119,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Costello Asset Management INC bought a new position in shares of Citizens Financial Group in the 3rd quarter worth about $25,000. Ashton Thomas Securities LLC purchased a new stake in Citizens Financial Group in the third quarter worth about $27,000. Ameliora Wealth Management Ltd. purchased a new stake in Citizens Financial Group in the fourth quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $28,000. Finally, Sierra Ocean LLC bought a new stake in shares of Citizens Financial Group in the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 94.90% of the company's stock.
Shares of CFG stock opened at $41.66 on Friday. Citizens Financial Group, Inc. has a 1-year low of $32.06 and a 1-year high of $49.25. The company has a market cap of $18.21 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 0.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a 50 day simple moving average of $45.83 and a 200-day simple moving average of $44.24.
Citizens Financial Group (NYSE:CFG - Get Free Report) last released its earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. The company's quarterly revenue was down .1% on a year-over-year basis. On average, equities research analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.03%. Citizens Financial Group's payout ratio is currently 55.45%.
A number of research analysts recently weighed in on the company. Citigroup raised their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Piper Sandler raised their price target 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 reaffirmed a "strong-buy" rating and issued a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Truist Financial increased 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 report on Tuesday, January 21st. Finally, 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 note on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Citizens Financial Group has a consensus rating of "Moderate Buy" and an average price target of $49.00.
Get Our Latest Analysis on CFG
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.
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