Capitolis Liquid Global Markets LLC Makes New $10.94 Million Investment in Citizens Financial Group, Inc. (NYSE:CFG)

Capitolis Liquid Global Markets LLC purchased a new stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 250,000 shares of the bank's stock, valued at approximately $10,940,000. Capitolis Liquid Global Markets LLC owned about 0.06% of Citizens Financial Group at the end of the most recent quarter.

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

Analyst Ratings Changes

Several brokerages recently issued reports on CFG. Royal Bank of Canada cut their price target 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. 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 report on Thursday, April 17th. Citigroup lowered their price target on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Barclays reduced their target price on shares of Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Finally, Raymond James restated a "strong-buy" rating and issued a $48.00 price target (down previously from $58.00) on shares of Citizens Financial Group in a research note 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 given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $46.18.

Citizens Financial Group Stock Up 0.3 %

Citizens Financial Group stock traded up $0.12 during trading hours on Friday, hitting $39.12. The company had a trading volume of 3,512,814 shares, compared to its average volume of 4,807,257. The firm's fifty day moving average is $38.45 and its 200-day moving average is $43.16. The firm has a market capitalization of $17.10 billion, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week 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.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. 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 business also recently announced 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 annualized dividend and a yield of 4.29%. The ex-dividend date 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.