Cetera Investment Advisers Has $6.80 Million Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Cetera Investment Advisers raised its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 155,418 shares of the bank's stock after buying an additional 7,823 shares during the quarter. Cetera Investment Advisers' holdings in Citizens Financial Group were worth $6,801,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CFG. My Legacy Advisors LLC raised its position in shares of Citizens Financial Group by 1.0% in the 4th quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank's stock valued at $1,074,000 after acquiring an additional 229 shares during the period. Brooklyn Investment Group increased its holdings in shares of Citizens Financial Group by 3.3% in the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank's stock worth $320,000 after acquiring an additional 233 shares in the last quarter. 1620 Investment Advisors Inc. raised its position in shares of Citizens Financial Group by 3.2% during the fourth quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank's stock worth $338,000 after purchasing an additional 238 shares during the period. SeaCrest Wealth Management LLC raised its position in shares of Citizens Financial Group by 0.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank's stock worth $1,257,000 after purchasing an additional 246 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in shares of Citizens Financial Group by 3.3% during the 4th quarter. Ballentine Partners LLC now owns 7,777 shares of the bank's stock valued at $340,000 after purchasing an additional 247 shares in the last quarter. Institutional investors own 94.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on CFG shares. Keefe, Bruyette & Woods dropped their target price 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. Morgan Stanley cut their price objective on shares of Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating on the stock in a research report 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. Piper Sandler reduced their target price on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. dropped their price target on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Finally, Truist Financial reduced their price objective on Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $46.78.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock traded up $0.12 during trading on Friday, hitting $41.84. 2,962,942 shares of the stock were exchanged, compared to its average volume of 4,824,789. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average price of $38.45 and a 200-day moving average price of $43.14. The stock has a market capitalization of $18.29 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth 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.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.02. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. As a group, equities analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were paid a dividend of $0.42 per share. The ex-dividend date was Wednesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.02%. 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.