Sapient Capital LLC Acquires 1,474 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Sapient Capital LLC boosted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 26.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,017 shares of the bank’s stock after purchasing an additional 1,474 shares during the period. Sapient Capital LLC’s holdings in Citizens Financial Group were worth $307,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Costello Asset Management INC bought a new position in Citizens Financial Group during the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new position in Citizens Financial Group during the third quarter valued at approximately $27,000. Catalyst Capital Advisors LLC bought a new position in Citizens Financial Group during the third quarter valued at approximately $28,000. Ameliora Wealth Management Ltd. bought a new position in Citizens Financial Group during the fourth quarter valued at approximately $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Citizens Financial Group during the fourth quarter valued at approximately $28,000. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 0.3 %

CFG opened at $47.22 on Wednesday. Citizens Financial Group, Inc. has a fifty-two week low of $30.24 and a fifty-two week high of $49.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The firm’s fifty day moving average price is $45.78 and its two-hundred day moving average price is $43.66. The company has a market capitalization of $20.81 billion, a P/E ratio of 15.58, a P/E/G ratio of 0.84 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. On average, analysts anticipate that Citizens Financial Group, Inc. will post 3.93 EPS for the current year.

Citizens Financial Group Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CFG. Royal Bank of Canada raised their price objective on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Citigroup lifted their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Piper Sandler lifted their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. DA Davidson lifted 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 report on Thursday, October 17th. Finally, Compass Point lifted their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

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.