Mizuho Securities USA LLC Purchases 12,698 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Mizuho Securities USA LLC boosted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 43.7% in the fourth quarter, HoldingsChannel reports. The fund owned 41,768 shares of the bank’s stock after purchasing an additional 12,698 shares during the quarter. Mizuho Securities USA LLC’s holdings in Citizens Financial Group were worth $1,828,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of Citizens Financial Group by 207.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock valued at $339,733,000 after purchasing an additional 5,579,313 shares during the last quarter. State Street Corp grew its stake in Citizens Financial Group by 6.7% during the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock worth $1,060,689,000 after buying an additional 1,615,144 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Citizens Financial Group during the 4th quarter valued at about $56,483,000. Bank of Montreal Can raised its stake in Citizens Financial Group by 51.1% in the third quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank’s stock valued at $107,897,000 after buying an additional 894,322 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Citizens Financial Group by 31.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank’s stock worth $155,051,000 after acquiring an additional 839,041 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. 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 report on Tuesday, January 21st. Truist Financial decreased their price target on shares of Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating for the company in a report on Friday. Citigroup dropped their price objective on shares of Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a report on Monday. Morgan Stanley cut their target price on 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. Finally, The Goldman Sachs Group lifted their price target on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.67.

Citizens Financial Group Trading Up 2.7 %

Shares of Citizens Financial Group stock opened at $42.30 on Tuesday. The firm has a 50-day simple moving average of $45.08 and a two-hundred day simple moving average of $44.13. 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, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25. The company has a market cap of $18.49 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06.

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

Citizens Financial Group Announces Dividend

The firm 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. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.97%. Citizens Financial Group’s dividend payout ratio (DPR) is 55.45%.

About Citizens Financial Group

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.