Hussman Strategic Advisors Inc. Makes New Investment in Citizens Financial Group, Inc. (NYSE:CFG)

Hussman Strategic Advisors Inc. acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 42,000 shares of the bank’s stock, valued at approximately $1,838,000.

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

Wall Street Analyst Weigh In

CFG has been the subject of a number of analyst reports. Citigroup boosted their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. The Goldman Sachs Group boosted their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Truist Financial boosted their price objective on Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. Compass Point boosted their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Raymond James restated a “strong-buy” rating and set a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Stock Up 1.4 %

CFG opened at $47.47 on Thursday. Citizens Financial Group, Inc. has a one year low of $30.30 and a one year 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 stock’s fifty day moving average is $45.76 and its 200-day moving average is $43.85. The company has a market capitalization of $20.75 billion, a PE ratio of 15.67, a P/E/G ratio of 0.81 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. On average, equities analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

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.