Ibex Wealth Advisors purchased a new position in shares of Citizens Financial Group Inc (NYSE:CFG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 19,485 shares of the bank’s stock, valued at approximately $791,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Savior LLC acquired a new stake in Citizens Financial Group during the 4th quarter worth about $26,000. Barnett & Company Inc. acquired a new stake in Citizens Financial Group during the 4th quarter worth about $28,000. Atwater Malick LLC acquired a new stake in Citizens Financial Group during the 3rd quarter worth about $30,000. Rational Advisors LLC lifted its position in Citizens Financial Group by 444.8% during the 3rd quarter. Rational Advisors LLC now owns 1,106 shares of the bank’s stock worth $39,000 after acquiring an additional 903 shares during the period. Finally, CSat Investment Advisory L.P. lifted its position in Citizens Financial Group by 162.6% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,363 shares of the bank’s stock worth $48,000 after acquiring an additional 844 shares during the period. 95.98% of the stock is owned by institutional investors.

Shares of Citizens Financial Group stock traded down $0.83 on Friday, hitting $39.04. The company’s stock had a trading volume of 3,136,892 shares, compared to its average volume of 3,142,955. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.97 and a current ratio of 0.99. Citizens Financial Group Inc has a 1 year low of $31.30 and a 1 year high of $41.29. The firm has a fifty day moving average price of $40.05 and a 200-day moving average price of $36.68. The company has a market capitalization of $17.45 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 1.80 and a beta of 1.50.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.03. Citizens Financial Group had a return on equity of 8.75% and a net margin of 22.20%. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the business earned $0.98 EPS. Citizens Financial Group’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, analysts forecast that Citizens Financial Group Inc will post 3.88 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be paid a dividend of $0.39 per share. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Tuesday, January 28th. Citizens Financial Group’s payout ratio is 37.50%.

Several brokerages have recently issued reports on CFG. Argus reissued a “buy” rating and issued a price objective (up previously from ) on shares of Citizens Financial Group in a report on Wednesday. ValuEngine lowered Citizens Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Royal Bank of Canada lifted their price target on Citizens Financial Group from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday. Citigroup upgraded Citizens Financial Group from a “sell” rating to a “neutral” rating and lifted their price target for the company from $32.00 to $41.00 in a research note on Monday, December 16th. Finally, Stephens lifted their price target on Citizens Financial Group from $43.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $41.05.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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