Valeo Financial Advisors LLC grew its stake in Citizens Financial Group Inc (NYSE:CFG) by 128.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,148 shares of the bank’s stock after acquiring an additional 1,770 shares during the period. Valeo Financial Advisors LLC’s holdings in Citizens Financial Group were worth $132,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Cerebellum GP LLC bought a new position in Citizens Financial Group in the 4th quarter worth about $131,000. Tower Research Capital LLC TRC grew its stake in Citizens Financial Group by 315.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,397 shares of the bank’s stock worth $142,000 after acquiring an additional 2,580 shares in the last quarter. Loeb Partners Corp bought a new position in Citizens Financial Group in the 4th quarter worth about $210,000. Commerzbank Aktiengesellschaft FI bought a new position in Citizens Financial Group in the 4th quarter worth about $216,000. Finally, Advisor Partners LLC bought a new position in Citizens Financial Group in the 4th quarter worth about $247,000. Institutional investors and hedge funds own 97.50% of the company’s stock.
In related news, Director Wendy A. Watson sold 4,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $40.31, for a total transaction of $161,240.00. Following the completion of the sale, the director now owns 12,917 shares of the company’s stock, valued at $520,684.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.21% of the company’s stock.
Citizens Financial Group Inc (NYSE CFG) opened at $46.30 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.96 and a current ratio of 0.96. Citizens Financial Group Inc has a one year low of $31.51 and a one year high of $48.23. The stock has a market cap of $22,675.88, a P/E ratio of 14.16, a PEG ratio of 0.77 and a beta of 1.39.
Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, January 19th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.04. Citizens Financial Group had a net margin of 25.60% and a return on equity of 6.73%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the firm earned $0.55 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. analysts predict that Citizens Financial Group Inc will post 3.36 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 1st were given a dividend of $0.22 per share. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, January 31st. This represents a $0.88 dividend on an annualized basis and a yield of 1.90%. Citizens Financial Group’s dividend payout ratio is presently 26.91%.
A number of brokerages have commented on CFG. Sanford C. Bernstein set a $52.00 target price on shares of Citizens Financial Group and gave the stock a “buy” rating in a research note on Monday, January 22nd. Royal Bank of Canada restated a “hold” rating and issued a $45.00 target price on shares of Citizens Financial Group in a research note on Sunday, January 21st. BMO Capital Markets upgraded shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $40.00 to $39.00 in a research note on Tuesday, December 19th. Barclays upped their target price on shares of Citizens Financial Group from $41.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Morgan Stanley increased their price objective on shares of Citizens Financial Group from $43.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. Citizens Financial Group presently has a consensus rating of “Hold” and an average price target of $42.36.
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Citizens Financial Group Profile
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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