Gries Financial LLC Buys 1,466 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Gries Financial LLC lifted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 23.3% during the fourth quarter, HoldingsChannel reports. The firm owned 7,755 shares of the bank’s stock after acquiring an additional 1,466 shares during the quarter. Gries Financial LLC’s holdings in Citizens Financial Group were worth $339,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Costello Asset Management INC acquired a new position in Citizens Financial Group during the third quarter worth $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Citizens Financial Group during the 3rd quarter worth about $27,000. Catalyst Capital Advisors LLC bought a new stake in shares of Citizens Financial Group in the 3rd quarter valued at about $28,000. Legacy Investment Solutions LLC acquired a new stake in Citizens Financial Group in the 3rd quarter valued at about $48,000. Finally, Friedenthal Financial bought a new position in Citizens Financial Group during the third quarter worth about $50,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CFG has been the subject of a number of recent analyst reports. Compass Point raised their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Barclays lifted 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 report on Monday, January 6th. Raymond James reissued a “strong-buy” rating and issued a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Stephens reaffirmed an “overweight” rating and set a $53.00 target price on shares of Citizens Financial Group in a report on Wednesday. Finally, Truist Financial increased their price target on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a report on Tuesday, January 21st. Nine investment 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $49.00.

Citizens Financial Group Stock Performance

NYSE:CFG opened at $48.37 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $21.31 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 0.82 and a beta of 1.10. Citizens Financial Group, Inc. has a twelve month low of $30.24 and a twelve month high of $49.25. The stock’s 50-day simple moving average is $45.82 and its 200 day simple moving average is $43.28.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 EPS. On average, analysts anticipate that Citizens Financial Group, Inc. will post 3.94 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is 55.45%.

Citizens Financial Group 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.