LifeWealth Investments LLC Invests $377,000 in Citizens Financial Group, Inc. (NYSE:CFG)

LifeWealth Investments LLC purchased a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,618 shares of the bank's stock, valued at approximately $377,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors grew its stake in shares of Citizens Financial Group by 3.3% during the fourth quarter. Capital World Investors now owns 35,900,115 shares of the bank's stock valued at $1,570,989,000 after acquiring an additional 1,131,838 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Citizens Financial Group by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank's stock worth $477,043,000 after acquiring an additional 124,860 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Citizens Financial Group by 27.8% during the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock valued at $462,547,000 after buying an additional 2,298,040 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Citizens Financial Group by 20.9% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank's stock valued at $423,733,000 after buying an additional 1,672,204 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Citizens Financial Group by 6.4% during the fourth quarter. Royal Bank of Canada now owns 6,247,238 shares of the bank's stock valued at $273,378,000 after acquiring an additional 374,850 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on CFG shares. Stephens decreased their price target on shares of Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Barclays decreased their price target on shares of Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Truist Financial decreased their price target on shares of Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Cowen started coverage on shares of Citizens Financial Group in a research report on Wednesday, May 14th. They issued a "buy" rating on the stock. Finally, The Goldman Sachs Group lowered their price objective on shares of Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $47.89.

Citizens Financial Group Stock Up 0.2%

Shares of CFG stock traded up $0.07 on Friday, hitting $40.33. The company's stock had a trading volume of 7,319,253 shares, compared to its average volume of 4,839,350. 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, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $49.25. The firm's fifty day moving average price is $38.32 and its 200-day moving average price is $42.86. The stock has a market capitalization of $17.63 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 0.81 and a beta of 0.74.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.94 billion. Research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were given a $0.42 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a yield of 4.17%. Citizens Financial Group's dividend payout ratio (DPR) is presently 53.33%.

Citizens Financial Group 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.