EverSource Wealth Advisors LLC Grows Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

EverSource Wealth Advisors LLC increased its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,633 shares of the bank’s stock after buying an additional 364 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Citizens Financial Group were worth $159,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC boosted its stake in shares of Citizens Financial Group by 22.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 22,876 shares of the bank’s stock worth $1,001,000 after acquiring an additional 4,205 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Citizens Financial Group by 6.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 58,432 shares of the bank’s stock valued at $2,557,000 after buying an additional 3,388 shares in the last quarter. Andra AP fonden boosted its position in shares of Citizens Financial Group by 14.0% in the fourth quarter. Andra AP fonden now owns 359,000 shares of the bank’s stock worth $15,710,000 after purchasing an additional 44,100 shares during the period. Callan Family Office LLC bought a new position in Citizens Financial Group in the 4th quarter worth $200,000. Finally, Candriam S.C.A. boosted its stake in shares of Citizens Financial Group by 34.8% in the fourth quarter. Candriam S.C.A. now owns 73,925 shares of the bank’s stock worth $3,235,000 after acquiring an additional 19,077 shares during the period. 94.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CFG shares. Barclays raised their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 21st. Morgan Stanley decreased their target price on shares of Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Compass Point lifted their price target on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Truist Financial upped 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. Nine investment 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $49.22.

Citizens Financial Group Stock Up 0.5 %

Shares of NYSE CFG opened at $40.89 on Tuesday. Citizens Financial Group, Inc. has a 52-week low of $32.06 and a 52-week high of $49.25. The firm has a market capitalization of $17.87 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 0.81 and a beta of 1.06. The stock has a 50 day moving average price of $45.38 and a 200 day moving average price of $44.17. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. Sell-side analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.11%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s payout ratio is 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.