Optas LLC Invests $204,000 in Citizens Financial Group, Inc. (NYSE:CFG)

Optas LLC purchased a new stake in Citizens Financial Group, Inc. (NYSE:CFG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,659 shares of the bank’s stock, valued at approximately $204,000.

A number of other institutional investors have also recently bought and sold shares of CFG. Costello Asset Management INC purchased a new position in shares of Citizens Financial Group in the third quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new position in Citizens Financial Group during the 3rd quarter worth approximately $27,000. Catalyst Capital Advisors LLC acquired a new stake in Citizens Financial Group during the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of Citizens Financial Group in the third quarter valued at $48,000. Finally, Friedenthal Financial acquired a new stake in shares of Citizens Financial Group in the third quarter worth $50,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CFG shares. Stephens reissued an “overweight” rating and issued a $53.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, January 29th. DA Davidson raised their price target on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Truist Financial upped their price objective on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research note on Tuesday, January 21st. Piper Sandler lifted their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Barclays upped their price target on shares of 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. Nine 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’s stock. Based on data from MarketBeat.com, Citizens Financial Group currently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Trading Up 1.4 %

NYSE:CFG opened at $47.02 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average is $45.80 and its 200-day moving average is $43.46. The firm has a market cap of $20.72 billion, a price-to-earnings ratio of 15.52, a P/E/G ratio of 0.83 and a beta of 1.10. Citizens Financial Group, Inc. has a 12 month low of $30.24 and a 12 month high of $49.25.

Citizens Financial Group (NYSE:CFG) last released its 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 firm 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 business’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. Equities analysts anticipate that Citizens Financial Group, Inc. will post 3.94 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) 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.