Merit Financial Group LLC acquired a new stake in Citizens Financial Group, Inc. (NYSE:CFG – Free Report) in the fourth quarter, Holdings Channel reports. The fund acquired 20,082 shares of the bank’s stock, valued at approximately $879,000.
Several other hedge funds also recently made changes to their positions in the business. Costello Asset Management INC acquired a new stake in Citizens Financial Group during the third quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in Citizens Financial Group in the third quarter valued at about $27,000. Catalyst Capital Advisors LLC bought a new stake in Citizens Financial Group during the third quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new stake in shares of Citizens Financial Group during the 3rd quarter worth approximately $48,000. Finally, Friedenthal Financial bought a new position in Citizens Financial Group in the third quarter valued at approximately $50,000. 94.90% of the stock is owned by institutional investors.
Citizens Financial Group Price Performance
Citizens Financial Group stock opened at $48.34 on Wednesday. The stock has a market capitalization of $21.30 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 1.41 and a beta of 1.10. Citizens Financial Group, Inc. has a 52-week low of $30.24 and a 52-week high of $49.25. 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 stock’s 50 day moving average price is $45.66 and its two-hundred day moving average price is $42.79.
Citizens Financial Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 3.48%. Citizens Financial Group’s dividend payout ratio is 55.45%.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Barclays boosted their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Evercore ISI reduced their price objective on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada boosted their price target on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and an average price target of $49.00.
Check Out Our Latest Report on CFG
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.
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