Aptus Capital Advisors LLC Invests $560,000 in Citizens Financial Group, Inc. (NYSE:CFG)

Aptus Capital Advisors LLC bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,791 shares of the bank's stock, valued at approximately $560,000.

Other institutional investors have also added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. purchased a new stake in Citizens Financial Group during the 4th quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Citizens Financial Group during the 4th quarter worth $28,000. Sierra Ocean LLC bought a new position in Citizens Financial Group during the 4th quarter worth about $47,000. Duncker Streett & Co. Inc. bought a new position in Citizens Financial Group in the fourth quarter worth approximately $51,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Citizens Financial Group during the 4th quarter worth $66,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Stephens cut their price objective 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. Argus set a $45.00 price target on shares of Citizens Financial Group in a report on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price objective on shares of Citizens Financial Group from $49.00 to $45.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. reduced their target price on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, Piper Sandler cut their price objective on Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $46.18.

Citizens Financial Group Stock Performance

NYSE:CFG opened at $38.09 on Thursday. The stock has a market cap of $16.65 billion, a P/E ratio of 12.57, a PEG ratio of 0.81 and a beta of 0.74. 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 current ratio of 0.85 and a quick ratio of 0.85. The firm has a 50-day moving average of $38.66 and a two-hundred day moving average of $43.18.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share 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 expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.