Jefferies Financial Group Inc. Acquires 16,169 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Jefferies Financial Group Inc. boosted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 105.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,490 shares of the bank's stock after purchasing an additional 16,169 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Citizens Financial Group were worth $1,378,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. bought a new position in shares of Citizens Financial Group during the fourth quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Citizens Financial Group during the 4th quarter worth $28,000. Colonial Trust Co SC lifted its holdings in Citizens Financial Group by 673.0% during the fourth quarter. Colonial Trust Co SC now owns 889 shares of the bank's stock worth $39,000 after acquiring an additional 774 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Citizens Financial Group in the 4th quarter valued at approximately $47,000. Finally, Duncker Streett & Co. Inc. acquired a new position in Citizens Financial Group in the 4th quarter worth $51,000. Institutional investors and hedge funds own 94.90% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup lowered their price target on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Royal Bank of Canada decreased their target price 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. Morgan Stanley lowered their price target on shares of Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating on the stock in a 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. 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 note on Thursday, April 17th. Finally, Truist Financial lowered their price objective on Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $46.78.

Citizens Financial Group Trading Down 0.1%

Shares of NYSE:CFG traded down $0.05 during mid-day trading on Tuesday, hitting $41.53. The company had a trading volume of 425,338 shares, compared to its average volume of 4,810,345. Citizens Financial Group, Inc. has a one year low of $32.60 and a one year 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. The company has a market capitalization of $18.15 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74. The firm has a fifty day moving average price of $38.51 and a 200 day moving average price of $43.15.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.94 billion. As a group, research analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.68 annualized dividend and a yield of 4.05%. Citizens Financial Group's payout ratio is 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.