Benjamin Edwards Inc. Takes $399,000 Position in Citizens Financial Group, Inc. (NYSE:CFG)

Benjamin Edwards Inc. acquired a new position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,121 shares of the bank's stock, valued at approximately $399,000.

Several other large investors have also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Citizens Financial Group by 0.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 104,893 shares of the bank's stock valued at $4,308,000 after purchasing an additional 674 shares during the period. Graypoint LLC increased its stake in Citizens Financial Group by 4.9% during the 4th quarter. Graypoint LLC now owns 8,646 shares of the bank's stock valued at $378,000 after buying an additional 404 shares during the period. Czech National Bank lifted its stake in shares of Citizens Financial Group by 4.6% in the 4th quarter. Czech National Bank now owns 95,553 shares of the bank's stock worth $4,181,000 after acquiring an additional 4,230 shares during the period. Brookstone Capital Management boosted its holdings in shares of Citizens Financial Group by 28.2% in the fourth quarter. Brookstone Capital Management now owns 7,350 shares of the bank's stock valued at $322,000 after acquiring an additional 1,619 shares in the last quarter. Finally, Wedmont Private Capital increased its stake in shares of Citizens Financial Group by 17.2% during the fourth quarter. Wedmont Private Capital now owns 12,437 shares of the bank's stock valued at $539,000 after acquiring an additional 1,829 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered their price target on Citizens Financial Group from $49.00 to $45.00 and set a "market perform" rating on the stock in a research report on Thursday, April 17th. Royal Bank of Canada lowered their target price on Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Stephens cut their price target on shares of Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating for the company in a report on Monday, April 7th. Truist Financial lowered 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. Finally, Morgan Stanley cut their target price on shares of Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $46.18.

Citizens Financial Group Price Performance

Shares of CFG opened at $39.12 on Friday. 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 company has a market capitalization of $17.10 billion, a price-to-earnings ratio of 12.91, a P/E/G ratio of 0.81 and a beta of 0.74. The business's 50-day moving average is $38.45 and its 200-day moving average is $43.16. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share (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 company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Equities research analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Wednesday, April 30th. Citizens Financial Group's 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.

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