Apollon Wealth Management LLC Has $954,000 Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Apollon Wealth Management LLC decreased its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,798 shares of the bank’s stock after selling 375 shares during the quarter. Apollon Wealth Management LLC’s holdings in Citizens Financial Group were worth $954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CFG. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Citizens Financial Group by 483.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,500 shares of the bank’s stock valued at $144,000 after buying an additional 2,900 shares during the period. Ritholtz Wealth Management lifted its stake in Citizens Financial Group by 86.8% in the third quarter. Ritholtz Wealth Management now owns 11,119 shares of the bank’s stock valued at $457,000 after buying an additional 5,167 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Citizens Financial Group by 558.5% during the third quarter. Exchange Traded Concepts LLC now owns 1,712 shares of the bank’s stock worth $70,000 after purchasing an additional 1,452 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of Citizens Financial Group during the third quarter worth about $83,000. Finally, Creative Planning raised its position in shares of Citizens Financial Group by 1.1% during the third quarter. Creative Planning now owns 208,476 shares of the bank’s stock worth $8,562,000 after purchasing an additional 2,245 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group raised 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. Barclays raised their price target on 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. Keefe, Bruyette & Woods raised their price target on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. Stephens reiterated an “overweight” rating and set a $53.00 price objective on shares of Citizens Financial Group in a report on Wednesday, January 29th. Finally, Raymond James reiterated a “strong-buy” rating and set a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Nine 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

Citizens Financial Group Stock Down 0.3 %

CFG stock opened at $47.22 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average price of $45.78 and a two-hundred day moving average price of $43.66. The company has a market cap of $20.81 billion, a price-to-earnings ratio of 15.58, a P/E/G ratio of 0.84 and a beta of 1.10. Citizens Financial Group, Inc. has a twelve month low of $30.24 and a twelve month high of $49.25.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $1.96 billion. During the same period in the previous year, the company posted $0.85 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Analysts anticipate that Citizens Financial Group, Inc. will post 3.93 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, January 31st. This represents a $1.68 annualized dividend and a yield of 3.56%. Citizens Financial Group’s payout ratio is currently 55.45%.

Citizens Financial Group 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.