Alyeska Investment Group L.P. Makes New Investment in Citizens Financial Group, Inc. (NYSE:CFG)

Alyeska Investment Group L.P. purchased a new position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 759,696 shares of the bank's stock, valued at approximately $33,244,000. Alyeska Investment Group L.P. owned approximately 0.17% of Citizens Financial Group at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several analysts have recently commented on CFG shares. Piper Sandler reduced their price target on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. The Goldman Sachs Group cut their price objective on 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. Stephens reduced their target price on shares of Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Barclays cut their target price on Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Finally, DA Davidson reduced their price target on shares of Citizens Financial Group from $53.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $46.18.

Citizens Financial Group Stock Performance

Shares of CFG traded down $0.11 during mid-day trading on Wednesday, hitting $38.09. The company's stock had a trading volume of 3,489,003 shares, compared to its average volume of 4,811,755. 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 firm has a market capitalization of $16.65 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74. The stock's 50-day moving average is $38.82 and its two-hundred day moving average is $43.22. Citizens Financial Group, Inc. has a one year low of $32.60 and a one year high of $49.25.

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

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.68 annualized dividend and a yield of 4.41%. Citizens Financial Group's dividend payout ratio (DPR) is currently 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.