10,536 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Bought by Alethea Capital Management LLC

Alethea Capital Management LLC purchased a new position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,536 shares of the bank's stock, valued at approximately $461,000. Citizens Financial Group comprises about 0.4% of Alethea Capital Management LLC's portfolio, making the stock its 6th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CFG. Norges Bank acquired a new position in Citizens Financial Group during the fourth quarter worth approximately $243,431,000. Wellington Management Group LLP increased its holdings in shares of Citizens Financial Group by 27.8% in the 4th quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock valued at $462,547,000 after acquiring an additional 2,298,040 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in Citizens Financial Group by 20.9% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank's stock valued at $423,733,000 after purchasing an additional 1,672,204 shares during the last quarter. AQR Capital Management LLC boosted its stake in Citizens Financial Group by 32.2% during the 4th quarter. AQR Capital Management LLC now owns 6,186,364 shares of the bank's stock worth $270,715,000 after purchasing an additional 1,507,536 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Citizens Financial Group during the 4th quarter worth $56,483,000. Institutional investors and hedge funds own 94.90% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on CFG shares. Argus set a $45.00 price objective on Citizens Financial Group in a research report on Thursday, April 24th. The Goldman Sachs Group lowered their price objective on shares of Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Truist Financial dropped their price objective on shares of Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Raymond James reaffirmed a "strong-buy" rating and issued a $48.00 target price (down previously from $58.00) on shares of Citizens Financial Group in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Citizens Financial Group from $49.00 to $45.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.18.

Citizens Financial Group Price Performance

CFG stock traded down $0.52 on Tuesday, reaching $38.19. The company had a trading volume of 4,353,566 shares, compared to its average volume of 4,807,701. The company has a market cap of $16.69 billion, a P/E ratio of 12.60, a PEG ratio of 0.81 and a beta of 0.74. The company's fifty day moving average is $38.82 and its 200 day moving average is $43.22. Citizens Financial Group, Inc. has a 1 year low of $32.60 and a 1 year 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.

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

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Wednesday, April 30th. Citizens Financial Group's dividend payout ratio (DPR) is presently 53.33%.

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.