Wolverine Asset Management LLC Buys 1,014 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Wolverine Asset Management LLC increased its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 40,921 shares of the bank’s stock after buying an additional 1,014 shares during the quarter. Wolverine Asset Management LLC’s holdings in Citizens Financial Group were worth $1,791,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CFG. Hussman Strategic Advisors Inc. purchased a new stake in shares of Citizens Financial Group in the fourth quarter worth $1,838,000. Handelsbanken Fonder AB boosted its stake in Citizens Financial Group by 14.6% in the 4th quarter. Handelsbanken Fonder AB now owns 85,513 shares of the bank’s stock worth $3,742,000 after purchasing an additional 10,913 shares in the last quarter. Ieq Capital LLC grew its position in Citizens Financial Group by 536.7% during the 4th quarter. Ieq Capital LLC now owns 285,654 shares of the bank’s stock valued at $12,500,000 after purchasing an additional 240,788 shares during the last quarter. Atria Wealth Solutions Inc. increased its stake in Citizens Financial Group by 109.6% during the 4th quarter. Atria Wealth Solutions Inc. now owns 11,052 shares of the bank’s stock valued at $484,000 after purchasing an additional 5,779 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in Citizens Financial Group by 3.1% in the fourth quarter. CIBC Asset Management Inc now owns 68,922 shares of the bank’s stock worth $3,016,000 after buying an additional 2,083 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CFG. Keefe, Bruyette & Woods raised 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 research report on Tuesday, January 21st. Compass Point lifted their target price on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Truist Financial upped their price target on Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a report on Tuesday, January 21st. Citigroup lifted their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Barclays upped their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $49.00.

Citizens Financial Group Trading Down 2.8 %

Shares of CFG stock opened at $44.87 on Friday. The firm has a fifty day moving average price of $45.80 and a 200-day moving average price of $43.89. Citizens Financial Group, Inc. has a 1 year low of $30.30 and a 1 year high of $49.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $19.61 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 0.83 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $1.99 billion during 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 company’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. As a group, equities analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 annualized dividend and a yield of 3.74%. Citizens Financial Group’s payout ratio is 55.45%.

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.