Bradley Foster & Sargent Inc. CT Takes $210,000 Position in Citizens Financial Group, Inc. (NYSE:CFG)

Bradley Foster & Sargent Inc. CT acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the 4th quarter, Holdings Channel.com reports. The fund acquired 4,797 shares of the bank’s stock, valued at approximately $210,000.

Several other hedge funds also recently made changes to their positions in CFG. Signaturefd LLC lifted its stake in shares of Citizens Financial Group by 8.0% in the 3rd quarter. Signaturefd LLC now owns 5,954 shares of the bank’s stock worth $245,000 after acquiring an additional 439 shares during the period. IFM Investors Pty Ltd lifted its stake in shares of Citizens Financial Group by 1.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 107,788 shares of the bank’s stock worth $4,427,000 after acquiring an additional 1,400 shares during the period. Ballentine Partners LLC lifted its stake in shares of Citizens Financial Group by 16.3% in the 3rd quarter. Ballentine Partners LLC now owns 7,530 shares of the bank’s stock worth $309,000 after acquiring an additional 1,057 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Citizens Financial Group by 39.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,279 shares of the bank’s stock worth $1,235,000 after acquiring an additional 8,579 shares during the period. Finally, Forsta AP Fonden lifted its stake in shares of Citizens Financial Group by 16.6% in the 3rd quarter. Forsta AP Fonden now owns 118,300 shares of the bank’s stock worth $4,859,000 after acquiring an additional 16,800 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Compass Point raised their target price 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. Piper Sandler raised their price objective on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their price objective 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. The Goldman Sachs Group raised their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Truist Financial raised 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. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

Citizens Financial Group Stock Performance

Shares of NYSE CFG opened at $44.87 on Monday. The company has a market cap of $19.61 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10. Citizens Financial Group, Inc. has a 12 month low of $30.30 and a 12 month high of $49.25. 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 company has a 50-day simple moving average of $45.79 and a 200-day simple moving average of $44.01.

Citizens Financial Group (NYSE:CFG) last issued its quarterly 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. 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 net margin of 12.21% and a return on equity of 6.75%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. On average, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 3.74%. 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.