Citizens Financial Group, Inc. (NYSE:CFG) Stake Increased by Bruni J V & Co. Co.

Bruni J V & Co. Co. grew its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 988,383 shares of the bank’s stock after buying an additional 976 shares during the quarter. Citizens Financial Group accounts for about 4.1% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 9th biggest position. Bruni J V & Co. Co. owned 0.21% of Citizens Financial Group worth $32,755,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Lindbrook Capital LLC grew its position in Citizens Financial Group by 100.8% in the 3rd quarter. Lindbrook Capital LLC now owns 988 shares of the bank’s stock valued at $26,000 after acquiring an additional 496 shares during the last quarter. Larson Financial Group LLC purchased a new position in shares of Citizens Financial Group during the fourth quarter worth approximately $33,000. CVA Family Office LLC purchased a new stake in shares of Citizens Financial Group in the fourth quarter valued at approximately $40,000. Blue Trust Inc. grew its stake in Citizens Financial Group by 77.6% in the fourth quarter. Blue Trust Inc. now owns 1,314 shares of the bank’s stock worth $44,000 after purchasing an additional 574 shares in the last quarter. Finally, Authentikos Wealth Advisory LLC purchased a new position in Citizens Financial Group during the 3rd quarter worth $40,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CFG shares. Morgan Stanley upped their target price on Citizens Financial Group from $31.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. StockNews.com cut shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Saturday. Citigroup boosted their price target on shares of Citizens Financial Group from $39.00 to $43.00 and gave the company a “buy” rating in a report on Friday, April 19th. Argus increased their price objective on shares of Citizens Financial Group from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Piper Sandler raised shares of Citizens Financial Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $35.00 to $41.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $37.13.

Citizens Financial Group Stock Up 0.4 %

Shares of CFG stock traded up $0.15 during trading hours on Friday, reaching $35.15. 3,168,271 shares of the company’s stock were exchanged, compared to its average volume of 5,166,838. The stock’s fifty day moving average price is $33.68 and its two-hundred day moving average price is $30.98. The stock has a market cap of $16.11 billion, a PE ratio of 12.74 and a beta of 1.38. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.63. Citizens Financial Group, Inc. has a 1 year low of $22.77 and a 1 year high of $36.38.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, April 17th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the company posted $1.00 EPS. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. Research analysts predict that Citizens Financial Group, Inc. will post 3.24 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.42 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.78%. Citizens Financial Group’s payout ratio is 60.87%.

Insiders Place Their Bets

In other news, insider Craig Jack Read sold 6,327 shares of Citizens Financial Group stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $33.70, for a total value of $213,219.90. Following the sale, the insider now owns 37,558 shares in the company, valued at $1,265,704.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.62% of the company’s stock.

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.