Virtu Financial LLC Invests $453,000 in Citizens Financial Group, Inc. (NYSE:CFG)

Virtu Financial LLC acquired a new position in Citizens Financial Group, Inc. (NYSE:CFG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,038 shares of the bank’s stock, valued at approximately $453,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CFG. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Citizens Financial Group by 4.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 77,067 shares of the bank’s stock worth $2,777,000 after purchasing an additional 3,295 shares in the last quarter. Blue Trust Inc. boosted its holdings 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 worth $182,000 after purchasing an additional 1,920 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Citizens Financial Group by 4.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,954 shares of the bank’s stock worth $431,000 after purchasing an additional 494 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Citizens Financial Group by 27.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 91,862 shares of the bank’s stock worth $3,310,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Pallas Capital Advisors LLC bought a new stake in shares of Citizens Financial Group in the 2nd quarter valued at about $386,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Piper Sandler boosted their target price on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. 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. Barclays boosted their target price on Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. The Goldman Sachs Group boosted their target price on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Citigroup boosted their target price on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average target price of $46.94.

Citizens Financial Group Trading Up 0.4 %

CFG opened at $45.70 on Monday. The stock has a market cap of $20.14 billion, a PE ratio of 17.99, a PEG ratio of 1.76 and a beta of 1.08. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average of $44.71 and a 200-day moving average of $41.02. Citizens Financial Group, Inc. has a 52 week low of $30.24 and a 52 week high of $49.25.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting analysts’ consensus estimates of $0.79. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. Equities research analysts predict that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

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

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.