Sumitomo Mitsui Trust Group Inc. Buys 3,833 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,015,624 shares of the bank’s stock after purchasing an additional 3,833 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Citizens Financial Group were worth $44,444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CFG. Costello Asset Management INC purchased a new stake in shares of Citizens Financial Group in the third quarter worth about $25,000. Ashton Thomas Securities LLC bought a new stake in Citizens Financial Group in the 3rd quarter worth approximately $27,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Citizens Financial Group during the 3rd quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Citizens Financial Group during the 4th quarter worth approximately $28,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Citizens Financial Group in the third quarter valued at $48,000. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Compass Point upped their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. DA Davidson increased their price target on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 17th. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. The Goldman Sachs Group upped their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Truist Financial lifted their target price on Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Stock Performance

CFG stock opened at $47.37 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group, Inc. has a 1-year low of $30.24 and a 1-year high of $49.25. The business has a 50-day moving average price of $45.77 and a 200 day moving average price of $43.63. The company has a market capitalization of $20.88 billion, a P/E ratio of 15.63, a PEG ratio of 0.84 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last posted its quarterly 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. 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 analyst estimates of $1.96 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. As a group, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.93 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.68 annualized dividend and a yield of 3.55%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 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.