Envestnet Portfolio Solutions Inc. Has $742,000 Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Envestnet Portfolio Solutions Inc. boosted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 16.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,957 shares of the bank’s stock after buying an additional 2,415 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Citizens Financial Group were worth $742,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Citizens Financial Group during the 4th quarter worth approximately $8,134,000. BTC Capital Management Inc. boosted its holdings in shares of Citizens Financial Group by 19.8% in the 4th quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock valued at $1,882,000 after purchasing an additional 7,119 shares in the last quarter. Patton Fund Management Inc. bought a new position in shares of Citizens Financial Group in the 4th quarter valued at $6,694,000. AEGON ASSET MANAGEMENT UK Plc raised its holdings in shares of Citizens Financial Group by 46.8% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock worth $50,430,000 after buying an additional 367,439 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Citizens Financial Group by 19.3% during the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock worth $217,781,000 after buying an additional 805,758 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CFG shares. Stephens reissued an “overweight” rating and set a $53.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 29th. The Goldman Sachs Group upped their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Piper Sandler upped their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Citigroup reduced their price objective on Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Raymond James reissued a “strong-buy” rating and set a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.67.

Citizens Financial Group Stock Performance

CFG opened at $42.30 on Tuesday. Citizens Financial Group, Inc. has a 1-year low of $32.06 and a 1-year high of $49.25. The company has a market cap of $18.49 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 0.81 and a beta of 1.06. The company’s fifty day moving average price is $45.08 and its two-hundred day moving average price is $44.13. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 3.97%. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

Citizens Financial Group Company 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.