Ossiam Acquires 238,499 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Ossiam increased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 860.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 266,205 shares of the bank’s stock after acquiring an additional 238,499 shares during the quarter. Ossiam owned about 0.06% of Citizens Financial Group worth $11,649,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Citizens Financial Group in the third quarter valued at about $453,000. Sanctuary Advisors LLC grew its stake in Citizens Financial Group by 8.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 43,969 shares of the bank’s stock valued at $1,806,000 after buying an additional 3,307 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Citizens Financial Group in the 3rd quarter valued at about $89,000. Tidal Investments LLC lifted its position in Citizens Financial Group by 292.2% during the third quarter. Tidal Investments LLC now owns 69,851 shares of the bank’s stock worth $2,869,000 after acquiring an additional 52,039 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Citizens Financial Group by 4.8% during the third quarter. Franklin Resources Inc. now owns 655,600 shares of the bank’s stock worth $28,368,000 after acquiring an additional 29,940 shares during the period. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 0.1 %

Shares of NYSE:CFG opened at $35.43 on Friday. 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 52-week low of $32.60 and a 52-week high of $49.25. The company has a market capitalization of $15.49 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81. The company has a fifty day moving average of $40.88 and a 200-day moving average of $43.59.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 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 $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. On average, equities analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.74%. The ex-dividend date of this dividend is Wednesday, April 30th. Citizens Financial Group’s dividend payout ratio is currently 53.33%.

Wall Street Analysts Forecast Growth

CFG has been the subject of several research reports. The Goldman Sachs Group dropped their price target on Citizens Financial Group from $55.00 to $48.00 and set a “buy” rating for the company in a report on Thursday. Truist Financial reduced their target price on shares of Citizens Financial Group from $51.00 to $43.00 and set a “hold” rating for the company in a research report on Thursday. Morgan Stanley lowered their price target on shares of Citizens Financial Group from $54.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. Citigroup cut their price objective on shares of Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating for the company in a report on Monday, March 24th. Finally, Raymond James reiterated a “strong-buy” rating and issued a $48.00 price target (down from $58.00) on shares of Citizens Financial Group in a research note on Thursday. Eight 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 company’s stock. Based on data from MarketBeat.com, Citizens Financial Group has a consensus rating of “Moderate Buy” and a consensus price target of $45.82.

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.