Citizens Financial Group, Inc. (NYSE:CFG) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 801.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 102,445 shares of the bank’s stock after acquiring an additional 91,086 shares during the period. Intech Investment Management LLC’s holdings in Citizens Financial Group were worth $4,483,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CFG. OneDigital Investment Advisors LLC acquired a new stake in shares of Citizens Financial Group during the third quarter worth $232,000. CIBC Asset Management Inc boosted its holdings in Citizens Financial Group by 6.9% in the third quarter. CIBC Asset Management Inc now owns 66,839 shares of the bank’s stock valued at $2,745,000 after acquiring an additional 4,330 shares during the last quarter. Empowered Funds LLC boosted its holdings in Citizens Financial Group by 8.4% in the third quarter. Empowered Funds LLC now owns 7,487 shares of the bank’s stock valued at $307,000 after acquiring an additional 579 shares during the last quarter. Claro Advisors LLC acquired a new position in Citizens Financial Group in the third quarter valued at $362,000. Finally, LMR Partners LLP acquired a new position in Citizens Financial Group in the third quarter valued at $271,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CFG. Stephens reiterated an “overweight” rating and issued a $53.00 target price on shares of Citizens Financial Group in a report on Wednesday, January 29th. Keefe, Bruyette & Woods raised their price objective on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday, January 21st. Raymond James reaffirmed a “strong-buy” rating and set a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Barclays lifted their target price on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Finally, 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 report on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.22.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $40.96 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average of $45.31 and a two-hundred day moving average of $44.15. Citizens Financial Group, Inc. has a 52 week low of $32.06 and a 52 week high of $49.25. The company has a market cap of $17.90 billion, a P/E ratio of 13.52, a PEG ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion during 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%. Citizens Financial Group’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. As a group, analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 4.10%. Citizens Financial Group’s dividend payout ratio is presently 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.