Kingswood Wealth Advisors LLC Invests $570,000 in Citizens Financial Group, Inc. (NYSE:CFG)

Kingswood Wealth Advisors LLC purchased a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,016 shares of the bank’s stock, valued at approximately $570,000.

Several other large investors have also recently added to or reduced their stakes in CFG. Costello Asset Management INC acquired a new stake in shares of Citizens Financial Group during the third quarter worth $25,000. Ashton Thomas Securities LLC acquired a new stake in Citizens Financial Group during the third quarter worth about $27,000. Catalyst Capital Advisors LLC bought a new position in Citizens Financial Group in the third quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new position in Citizens Financial Group in the third quarter valued at approximately $48,000. Finally, Friedenthal Financial bought a new position in shares of Citizens Financial Group during the third quarter valued at approximately $50,000. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Price Performance

NYSE CFG opened at $47.66 on Thursday. Citizens Financial Group, Inc. has a 1 year low of $30.24 and a 1 year high of $49.25. The business’s fifty day moving average is $45.79 and its two-hundred day moving average is $43.25. The stock has a market capitalization of $21.00 billion, a P/E ratio of 15.73, a P/E/G ratio of 0.82 and a beta of 1.10. 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 announced its earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Citizens Financial Group’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 earnings per share. On average, research analysts forecast that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.53%. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CFG shares. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. The Goldman Sachs Group increased their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods boosted their target price on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. Stephens restated an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a research note on Wednesday. Finally, Raymond James reiterated a “strong-buy” rating and set a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.00.

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.