Avantra Family Wealth Inc. Invests $201,000 in Citizens Financial Group, Inc. (NYSE:CFG)

Avantra Family Wealth Inc. acquired a new stake in Citizens Financial Group, Inc. (NYSE:CFG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,595 shares of the bank’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CFG. My Legacy Advisors LLC grew its position 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 acquiring an additional 229 shares in the last quarter. Brooklyn Investment Group boosted its holdings in Citizens Financial Group by 3.3% in the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock worth $320,000 after purchasing an additional 233 shares during the period. SeaCrest Wealth Management LLC increased its stake in Citizens Financial Group by 0.9% during the fourth 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. Ballentine Partners LLC increased its stake in 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 purchasing an additional 247 shares during the last quarter. Finally, Commerce Bank lifted its position in shares of Citizens Financial Group by 1.9% in the 3rd quarter. Commerce Bank now owns 13,177 shares of the bank’s stock worth $541,000 after buying an additional 250 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on CFG. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. DA Davidson upped their target price on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Piper Sandler raised their price target on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Compass Point upped their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Truist Financial raised their target price on Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research note on Tuesday, January 21st. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Stock Down 2.0 %

CFG opened at $47.40 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $20.89 billion, a PE ratio of 15.64, a P/E/G ratio of 0.83 and a beta of 1.10. The stock’s fifty day moving average is $45.84 and its 200-day moving average is $43.40. Citizens Financial Group, Inc. has a one year low of $30.24 and a one year high of $49.25.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. Citizens Financial Group’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. On average, equities analysts predict that Citizens Financial Group, Inc. will post 3.94 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently announced 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. This represents a $1.68 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Friday, January 31st. Citizens Financial Group’s payout ratio is 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.