Citizens Financial Group, Inc. (NYSE:CFG) Shares Purchased by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC boosted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 6.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,599 shares of the bank’s stock after buying an additional 783 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in Citizens Financial Group were worth $551,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp acquired a new position in Citizens Financial Group in the fourth quarter worth approximately $8,134,000. AEGON ASSET MANAGEMENT UK Plc grew its position in Citizens Financial Group by 46.8% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock worth $50,430,000 after buying an additional 367,439 shares during the last quarter. Versor Investments LP acquired a new position in Citizens Financial Group in the third quarter worth approximately $1,910,000. Patton Fund Management Inc. acquired a new position in Citizens Financial Group in the fourth quarter worth approximately $6,694,000. Finally, Nordea Investment Management AB grew its position in Citizens Financial Group by 19.3% in the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock worth $217,781,000 after buying an additional 805,758 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Piper Sandler lifted their price objective on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. 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. Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, January 21st. The Goldman Sachs Group boosted their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Royal Bank of Canada boosted their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Stock Performance

NYSE:CFG opened at $47.70 on Thursday. The firm’s 50-day moving average is $45.78 and its 200-day moving average is $43.50. Citizens Financial Group, Inc. has a 52-week low of $30.24 and a 52-week 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 company has a market cap of $21.02 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 0.83 and a beta of 1.10.

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

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.52%. Citizens Financial Group’s payout ratio is currently 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.