6,400 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Acquired by Mystic Asset Management Inc.

Mystic Asset Management Inc. bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,400 shares of the bank’s stock, valued at approximately $280,000.

A number of other large investors have also recently made changes to their positions in the company. Corient Private Wealth LLC increased its stake in shares of Citizens Financial Group by 0.9% during the fourth quarter. Corient Private Wealth LLC now owns 85,535 shares of the bank’s stock worth $3,743,000 after buying an additional 802 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Citizens Financial Group by 16.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 16,957 shares of the bank’s stock worth $742,000 after buying an additional 2,415 shares during the period. Natixis Advisors LLC increased its stake in shares of Citizens Financial Group by 6.2% during the fourth quarter. Natixis Advisors LLC now owns 691,795 shares of the bank’s stock worth $30,273,000 after buying an additional 40,160 shares during the period. Poinciana Advisors Group LLC acquired a new position in Citizens Financial Group in the fourth quarter valued at approximately $310,000. Finally, Brandes Investment Partners LP boosted its holdings in Citizens Financial Group by 11.4% in the fourth quarter. Brandes Investment Partners LP now owns 39,268 shares of the bank’s stock valued at $1,718,000 after purchasing an additional 4,031 shares in the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CFG has been the subject of a number of research analyst reports. Piper Sandler upped 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. Compass Point upped their price target on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Morgan Stanley lowered their price target on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Barclays upped their price target on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Finally, Stephens reaffirmed an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a report on Wednesday, January 29th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average target price of $49.22.

Citizens Financial Group Price Performance

CFG stock opened at $40.96 on Wednesday. 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 business has a 50 day simple moving average of $45.31 and a 200-day simple moving average of $44.15. Citizens Financial Group, Inc. has a twelve month low of $32.06 and a twelve month high of $49.25. The company has a market capitalization of $17.90 billion, a P/E ratio of 13.52, a PEG ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the company earned $0.85 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s payout ratio is 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.