Integrated Quantitative Investments LLC Buys New Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Integrated Quantitative Investments LLC purchased a new position in Citizens Financial Group, Inc. (NYSE:CFG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,700 shares of the bank’s stock, valued at approximately $381,000.

A number of other hedge funds have also recently added to or reduced their stakes in CFG. My Legacy Advisors LLC lifted its holdings in shares of Citizens Financial Group by 1.0% in the 4th quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock worth $1,074,000 after purchasing an additional 229 shares in the last quarter. Brooklyn Investment Group raised its holdings in Citizens Financial Group by 3.3% during the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock worth $320,000 after buying an additional 233 shares during the last quarter. 1620 Investment Advisors Inc. grew its holdings in shares of Citizens Financial Group by 3.2% during the fourth quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank’s stock valued at $338,000 after buying an additional 238 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in Citizens Financial Group by 0.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock valued at $1,257,000 after purchasing an additional 246 shares during the last quarter. Finally, Ballentine Partners LLC boosted its position in shares of Citizens Financial Group by 3.3% during the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank’s stock valued at $340,000 after buying an additional 247 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 5.4 %

CFG opened at $34.28 on Friday. The company has a 50 day moving average of $43.78 and a 200 day moving average of $44.05. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a 12 month low of $32.06 and a 12 month high of $49.25. The company has a market cap of $14.98 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS 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 firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company earned $0.85 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. On average, sell-side analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is presently 55.45%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CFG. Citigroup lowered their price target on Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Morgan Stanley dropped their price target 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. Raymond James reaffirmed a “strong-buy” rating and issued a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Barclays lifted their target price on shares of 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, JPMorgan Chase & Co. reduced their target price on Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $49.06.

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.