Erste Asset Management GmbH Buys 13,210 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Erste Asset Management GmbH boosted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 25.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,864 shares of the bank’s stock after purchasing an additional 13,210 shares during the quarter. Erste Asset Management GmbH’s holdings in Citizens Financial Group were worth $2,829,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in Citizens Financial Group during the 3rd quarter valued at $27,000. Ameliora Wealth Management Ltd. purchased a new position in Citizens Financial Group in the fourth quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Citizens Financial Group in the fourth quarter worth about $28,000. Sierra Ocean LLC purchased a new stake in shares of Citizens Financial Group during the fourth quarter valued at about $47,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Citizens Financial Group in the 3rd quarter valued at about $48,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Up 2.5 %

CFG stock opened at $40.72 on Friday. Citizens Financial Group, Inc. has a one year low of $32.06 and a one year high of $49.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s fifty day moving average is $45.46 and its 200 day moving average is $44.16. The firm has a market cap of $17.80 billion, a PE ratio of 13.44, a P/E/G ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates 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 for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. On average, research analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given 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 4.13%. Citizens Financial Group’s dividend payout ratio (DPR) is 55.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CFG shares. Truist Financial increased their target price on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. Morgan Stanley dropped their target price on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday. The Goldman Sachs Group increased their price target on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Piper Sandler upped their price objective on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Citizens Financial Group currently has an average rating of “Moderate Buy” and a consensus target price of $49.22.

About Citizens Financial Group

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.