Brooklyn Investment Group Acquires 233 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Brooklyn Investment Group grew its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,304 shares of the bank’s stock after acquiring an additional 233 shares during the quarter. Brooklyn Investment Group’s holdings in Citizens Financial Group were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Costello Asset Management INC bought a new stake in Citizens Financial Group in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Citizens Financial Group in the third quarter valued at about $27,000. Catalyst Capital Advisors LLC acquired a new stake in Citizens Financial Group during the third quarter worth about $28,000. Legacy Investment Solutions LLC bought a new position in Citizens Financial Group during the third quarter valued at about $48,000. Finally, Friedenthal Financial acquired a new position in Citizens Financial Group in the 3rd quarter valued at approximately $50,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Trading Up 1.5 %

CFG opened at $47.52 on Friday. Citizens Financial Group, Inc. has a 1-year low of $30.24 and a 1-year high of $49.25. The firm has a 50-day moving average price of $45.64 and a two-hundred day moving average price of $42.66. The stock has a market capitalization of $20.94 billion, a PE ratio of 18.71, a PEG ratio of 1.29 and a beta of 1.10. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1,962,330 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. Citizens Financial Group’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 EPS. As a group, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.54%. Citizens Financial Group’s payout ratio is 66.14%.

Analyst Ratings Changes

Several brokerages have recently weighed in on CFG. Citigroup lifted their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. DA Davidson lifted their price target on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Evercore ISI dropped their price objective on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research note on Wednesday, October 2nd. Truist Financial started coverage on shares of Citizens Financial Group in a research report on Tuesday, January 7th. They set a “hold” rating and a $49.00 target price on the stock. Finally, Keefe, Bruyette & Woods increased their price target on shares of Citizens Financial Group from $46.00 to $53.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and an average price target of $47.78.

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.