International Assets Investment Management LLC Makes New Investment in Citizens Financial Group, Inc. (NYSE:CFG)

International Assets Investment Management LLC acquired a new stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 123,035 shares of the bank's stock, valued at approximately $3,713,000.

A number of other hedge funds have also bought and sold shares of CFG. Meeder Asset Management Inc. acquired a new position in shares of Citizens Financial Group in the 4th quarter valued at $1,959,000. Alps Advisors Inc. increased its stake in shares of Citizens Financial Group by 32.5% in the third quarter. Alps Advisors Inc. now owns 12,212 shares of the bank's stock worth $327,000 after acquiring an additional 2,992 shares during the period. ANTIPODES PARTNERS Ltd lifted its holdings in shares of Citizens Financial Group by 49.9% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,296,648 shares of the bank's stock valued at $42,970,000 after buying an additional 431,624 shares during the period. SeaTown Holdings Pte. Ltd. boosted its stake in shares of Citizens Financial Group by 3,222.9% in the third quarter. SeaTown Holdings Pte. Ltd. now owns 1,163,000 shares of the bank's stock worth $31,168,000 after buying an additional 1,128,000 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in Citizens Financial Group by 1.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 280,574 shares of the bank's stock worth $7,373,000 after acquiring an additional 4,988 shares during the period. Institutional investors and hedge funds own 94.90% of the company's stock.

Insider Buying and Selling

In other news, insider Craig Jack Read sold 4,508 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total value of $151,198.32. Following the transaction, the insider now directly owns 43,885 shares in the company, valued at approximately $1,471,902.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CFG. Morgan Stanley boosted their target price on shares of Citizens Financial Group from $31.00 to $39.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 7th. Royal Bank of Canada raised their target price on Citizens Financial Group from $33.00 to $35.00 and gave the company an "outperform" rating in a research report on Thursday, January 18th. Wedbush lowered their price target on Citizens Financial Group from $38.00 to $35.00 and set a "neutral" rating on the stock in a research report on Thursday, April 18th. UBS Group raised their price objective on Citizens Financial Group from $37.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, January 18th. Finally, Piper Sandler raised shares of Citizens Financial Group from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $35.00 to $41.00 in a report on Friday, April 26th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Citizens Financial Group currently has an average rating of "Hold" and an average price target of $37.73.

Citizens Financial Group Trading Up 0.1 %

Shares of NYSE CFG traded up $0.04 during trading on Friday, hitting $36.06. 5,137,825 shares of the company were exchanged, compared to its average volume of 5,597,702. The company has a fifty day moving average price of $34.43 and a 200-day moving average price of $31.53. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $16.41 billion, a PE ratio of 13.07 and a beta of 1.12. Citizens Financial Group, Inc. has a 12-month low of $22.77 and a 12-month high of $36.38.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its earnings results on Wednesday, April 17th. The bank reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.10). The firm had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.96 billion. Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. Citizens Financial Group's revenue for the quarter was down 7.9% on a year-over-year basis. During the same period last year, the firm earned $1.00 earnings per share. As a group, equities research analysts expect that Citizens Financial Group, Inc. will post 3.23 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date is Tuesday, April 30th. Citizens Financial Group's dividend payout ratio is presently 60.87%.

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.