Voleon Capital Management LP Invests $323,000 in Citizens Financial Group, Inc. (NYSE:CFG)

Voleon Capital Management LP acquired a new position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,382 shares of the bank's stock, valued at approximately $323,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CFG. Ameliora Wealth Management Ltd. bought a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Citizens Financial Group during the 4th quarter valued at $28,000. Sierra Ocean LLC purchased a new position in shares of Citizens Financial Group in the 4th quarter valued at $47,000. Duncker Streett & Co. Inc. bought a new position in shares of Citizens Financial Group in the 4th quarter worth $51,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Citizens Financial Group during the 4th quarter worth $66,000. 94.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CFG shares. Royal Bank of Canada reduced their target price on shares of Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group lowered their target price on shares of Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Truist Financial cut their price target on shares of Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Stephens decreased their price objective on Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating for the company in a report on Monday, April 7th. Finally, Raymond James reaffirmed a "strong-buy" rating and set a $48.00 target price (down from $58.00) on shares of Citizens Financial Group in a research report on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $46.18.

Citizens Financial Group Stock Performance

Shares of CFG traded up $0.01 during mid-day trading on Monday, reaching $38.66. The company had a trading volume of 4,765,703 shares, compared to its average volume of 4,800,060. The stock has a 50 day moving average of $39.08 and a two-hundred day moving average of $43.28. 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 stock has a market capitalization of $16.90 billion, a P/E ratio of 12.76, a PEG ratio of 0.81 and a beta of 0.74. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. On average, analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Wednesday, April 30th. Citizens Financial Group's payout ratio is currently 53.33%.

Citizens Financial Group Company 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.