4,700 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Purchased by Check Capital Management Inc. CA

Check Capital Management Inc. CA bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,700 shares of the bank’s stock, valued at approximately $206,000.

A number of other hedge funds have also recently bought and sold shares of CFG. Costello Asset Management INC acquired a new position in Citizens Financial Group during the third quarter worth about $25,000. Ashton Thomas Securities LLC purchased a new position in Citizens Financial Group in the 3rd quarter worth about $27,000. Catalyst Capital Advisors LLC purchased a new position in Citizens Financial Group in the 3rd quarter worth about $28,000. Ameliora Wealth Management Ltd. purchased a new position in Citizens Financial Group in the 4th quarter worth about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Citizens Financial Group in the 4th quarter worth about $28,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Stock Up 0.8 %

CFG opened at $46.43 on Friday. The business has a 50 day moving average price of $45.75 and a 200 day moving average price of $43.74. Citizens Financial Group, Inc. has a twelve month low of $30.30 and a twelve month 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 has a market cap of $20.46 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 0.84 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company earned $0.85 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. Research analysts forecast that Citizens Financial Group, Inc. will post 3.93 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued 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 3.62%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 55.45%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CFG shares. Barclays lifted their price target on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods lifted their price target on 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. Citigroup raised their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. The Goldman Sachs Group raised their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Compass Point raised their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.00.

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.