Tidal Investments LLC Acquires 52,039 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Tidal Investments LLC raised its stake in Citizens Financial Group, Inc. (NYSE:CFGFree Report) by 292.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 69,851 shares of the bank’s stock after buying an additional 52,039 shares during the quarter. Tidal Investments LLC’s holdings in Citizens Financial Group were worth $2,869,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CFG. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Citizens Financial Group by 4.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 77,067 shares of the bank’s stock worth $2,777,000 after acquiring an additional 3,295 shares during the period. Blue Trust Inc. raised its stake in shares of Citizens Financial Group by 62.1% in the 2nd quarter. Blue Trust Inc. now owns 5,011 shares of the bank’s stock valued at $182,000 after purchasing an additional 1,920 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Citizens Financial Group by 4.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,954 shares of the bank’s stock valued at $431,000 after purchasing an additional 494 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Citizens Financial Group by 27.8% during the second quarter. Nisa Investment Advisors LLC now owns 91,862 shares of the bank’s stock worth $3,310,000 after buying an additional 20,000 shares during the period. Finally, Pallas Capital Advisors LLC bought a new position in shares of Citizens Financial Group during the second quarter worth about $386,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $45.70 on Monday. Citizens Financial Group, Inc. has a fifty-two week low of $30.24 and a fifty-two week high of $49.25. The business has a fifty day moving average price of $44.71 and a two-hundred day moving average price of $41.02. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. The stock has a market capitalization of $20.14 billion, a PE ratio of 17.99, a P/E/G ratio of 1.76 and a beta of 1.08.

Citizens Financial Group (NYSE:CFGGet Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.79. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 EPS. As a group, equities analysts predict that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were paid a $0.42 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.68%. Citizens Financial Group’s payout ratio is 66.14%.

Analyst Ratings Changes

Several equities research analysts have commented on CFG shares. Royal Bank of Canada boosted their target price on Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Piper Sandler increased their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their price target on Citizens Financial Group from $46.00 to $53.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Barclays raised their target price on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Finally, DA Davidson upped their price target on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Citizens Financial Group has a consensus rating of “Moderate Buy” and a consensus price target of $46.94.

Check Out Our Latest Research Report on Citizens Financial Group

Citizens Financial Group Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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