Capital International Investors Raises Position in Citizens Financial Group, Inc. $CFG

Key Points

• Capital International Investors increased its stake in Citizens Financial Group by 2.3%, buying 138,688 shares to hold 6,047,378 shares (about 1.41% of the company) valued at roughly $321.5 million.
• Analyst sentiment is broadly positive with 20 Buy and 1 Hold ratings, a consensus target of $69.95, and several recent price-target upgrades in the $71–$77 range from firms like Evercore and Barclays.
• Key fundamentals: CFG shares traded at $58.87, have a 52-week range of $32.60–$68.79, a P/E of 15.21, and pay a quarterly dividend of $0.46 (≈3.1% yield); most recent quarter showed $1.13 EPS (beat) and revenue up 8.6% year-over-year.

Capital International Investors boosted its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,047,378 shares of the bank's stock after purchasing an additional 138,688 shares during the period. Capital International Investors owned approximately 1.41% of Citizens Financial Group worth $321,534,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CFG. True Wealth Design LLC increased its holdings in shares of Citizens Financial Group by 891.5% in the third quarter. True Wealth Design LLC now owns 585 shares of the bank's stock worth $31,000 after buying an additional 526 shares during the period. Capital A Wealth Management LLC boosted its holdings in Citizens Financial Group by 3,970.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank's stock valued at $36,000 after acquiring an additional 794 shares during the period. State of Wyoming bought a new position in Citizens Financial Group during the 2nd quarter worth approximately $39,000. Kestra Investment Management LLC grew its position in Citizens Financial Group by 2,703.0% during the 2nd quarter. Kestra Investment Management LLC now owns 925 shares of the bank's stock worth $41,000 after acquiring an additional 892 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new position in Citizens Financial Group in the 2nd quarter worth approximately $45,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Evercore boosted their price objective on Citizens Financial Group from $69.00 to $77.00 and gave the company an "outperform" rating in a research report on Thursday, February 5th. Truist Financial raised their target price on shares of Citizens Financial Group from $63.00 to $71.00 and gave the stock a "hold" rating in a report on Monday, January 26th. Citigroup lifted their target price on shares of Citizens Financial Group from $65.00 to $71.00 and gave the stock a "buy" rating in a research note on Monday, January 26th. Barclays set a $77.00 price target on shares of Citizens Financial Group and gave the company an "overweight" rating in a research report on Monday, January 5th. Finally, New Street Research set a $73.00 price target on shares of Citizens Financial Group in a report on Thursday, January 22nd. Twenty investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Citizens Financial Group currently has an average rating of "Moderate Buy" and a consensus target price of $69.95.

Citizens Financial Group Price Performance

Shares of CFG stock opened at $58.87 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $68.79. The firm has a market cap of $25.02 billion, a P/E ratio of 15.21, a P/E/G ratio of 0.47 and a beta of 0.70. The business's 50 day moving average price is $62.51 and its 200-day moving average price is $56.55.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its earnings results on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.02. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were issued a $0.46 dividend. The ex-dividend date was Wednesday, February 4th. This represents a $1.84 annualized dividend and a yield of 3.1%. Citizens Financial Group's dividend payout ratio is 47.55%.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc NYSE: CFG is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.

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