Citizens Financial Group, Inc. $CFG Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 15.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 58,181 shares of the bank’s stock after buying an additional 7,796 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Citizens Financial Group were worth $3,093,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. GoalVest Advisory LLC lifted its holdings in Citizens Financial Group by 16,900.0% in the second quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock valued at $30,000 after acquiring an additional 676 shares during the period. True Wealth Design LLC grew its stake in shares of Citizens Financial Group by 891.5% during the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after purchasing an additional 526 shares during the period. REAP Financial Group LLC increased its holdings in shares of Citizens Financial Group by 72.4% during the 2nd quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock valued at $33,000 after purchasing an additional 309 shares in the last quarter. Capital A Wealth Management LLC lifted its stake in shares of Citizens Financial Group by 3,970.0% in the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock valued at $36,000 after purchasing an additional 794 shares during the period. Finally, State of Wyoming purchased a new stake in Citizens Financial Group during the second quarter worth $39,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

CFG has been the topic of several analyst reports. Jefferies Financial Group restated a “buy” rating and set a $80.00 price target on shares of Citizens Financial Group in a research report on Wednesday, January 21st. UBS Group raised their target price on Citizens Financial Group from $57.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Truist Financial upped their price target on Citizens Financial Group from $63.00 to $71.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Robert W. Baird reiterated a “neutral” rating and set a $60.00 price target on shares of Citizens Financial Group in a research report on Thursday, December 11th. Finally, TD Cowen boosted their price objective on Citizens Financial Group from $75.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus price target of $67.55.

Citizens Financial Group Trading Up 3.1%

Shares of Citizens Financial Group stock opened at $64.92 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. Citizens Financial Group, Inc. has a twelve month low of $32.60 and a twelve month high of $65.88. The firm has a market capitalization of $27.88 billion, a PE ratio of 16.77, a P/E/G ratio of 0.51 and a beta of 0.72. The firm’s 50-day moving average price is $59.29 and its 200 day moving average price is $53.79.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Citizens Financial Group had a return on equity of 7.89% and a net margin of 15.19%.The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 earnings per share. On average, sell-side analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, February 4th. Citizens Financial Group’s payout ratio is 47.55%.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.