Staley Capital Advisers Inc. Cuts Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Staley Capital Advisers Inc. lessened its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 11.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 25,000 shares of the bank’s stock after selling 3,148 shares during the quarter. Staley Capital Advisers Inc.’s holdings in Citizens Financial Group were worth $1,094,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new position in shares of Citizens Financial Group during the 3rd quarter valued at approximately $27,000. Ameliora Wealth Management Ltd. purchased a new position in Citizens Financial Group in the fourth quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Citizens Financial Group during the fourth quarter valued at $28,000. Sierra Ocean LLC purchased a new stake in Citizens Financial Group in the fourth quarter worth $47,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Citizens Financial Group in the third quarter valued at $48,000. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Citizens Financial Group stock opened at $39.88 on Tuesday. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25. The firm’s fifty day moving average price is $45.76 and its 200-day moving average price is $44.25. The stock has a market cap of $17.43 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last released 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. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities research analysts expect that Citizens Financial Group, Inc. will post 3.92 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 Friday, February 14th. Investors of record on Friday, January 31st were given a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 4.21%. Citizens Financial Group’s payout ratio is 55.45%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CFG shares. Keefe, Bruyette & Woods increased their price target on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 21st. Stephens reiterated an “overweight” rating and set a $53.00 target price on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Piper Sandler boosted 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. Raymond James reaffirmed a “strong-buy” rating and issued a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Finally, Barclays boosted their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $49.00.

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.