Guggenheim Capital LLC Buys 11,824 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Guggenheim Capital LLC lifted its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 172,553 shares of the bank's stock after buying an additional 11,824 shares during the period. Guggenheim Capital LLC's holdings in Citizens Financial Group were worth $7,551,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. My Legacy Advisors LLC raised its position in shares of Citizens Financial Group by 1.0% in the fourth quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank's stock worth $1,074,000 after buying an additional 229 shares in the last quarter. Brooklyn Investment Group raised its position 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 buying an additional 233 shares in the last quarter. 1620 Investment Advisors Inc. raised its position in shares of Citizens Financial Group by 3.2% in the fourth quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank's stock worth $338,000 after buying an additional 238 shares in the last quarter. SeaCrest Wealth Management LLC raised its position in shares of Citizens Financial Group by 0.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank's stock worth $1,257,000 after buying an additional 246 shares in the last quarter. Finally, Ballentine Partners LLC raised its position in shares of Citizens Financial Group by 3.3% in the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank's stock worth $340,000 after buying an additional 247 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CFG shares. Morgan Stanley reduced their target price on Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating on the stock 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. Piper Sandler reduced their target price on Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Keefe, Bruyette & Woods reduced their target price on Citizens Financial Group from $49.00 to $45.00 and set a "market perform" rating on the stock in a research note on Thursday, April 17th. Barclays reduced their target price on Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Finally, Royal Bank of Canada reduced their price objective on Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Citizens Financial Group has a consensus rating of "Moderate Buy" and a consensus target price of $45.82.

Citizens Financial Group Stock Up 2.9 %

CFG stock traded up $1.03 during midday trading on Wednesday, hitting $36.85. The stock had a trading volume of 1,589,741 shares, compared to its average volume of 4,785,394. The firm has a market cap of $16.11 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81. The business has a 50-day moving average of $40.45 and a two-hundred day moving average of $43.53. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-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 issued its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. As a group, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.56%. Citizens Financial Group's dividend payout ratio is currently 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.