Migdal Insurance & Financial Holdings Ltd. Invests $28,000 in Citizens Financial Group, Inc. (NYSE:CFG)

Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the 4th quarter, Holdings Channel.com reports. The firm purchased 641 shares of the bank’s stock, valued at approximately $28,000.

Other large investors have also modified their holdings of the company. State Street Corp grew its holdings in Citizens Financial Group by 6.7% during the third quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock worth $1,060,689,000 after acquiring an additional 1,615,144 shares during the period. Wellington Management Group LLP boosted its stake in shares of Citizens Financial Group by 207.2% during the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock valued at $339,733,000 after acquiring an additional 5,579,313 shares during the last quarter. Nordea Investment Management AB lifted its position in Citizens Financial Group by 19.3% during the fourth 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Citizens Financial Group by 11.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,144,635 shares of the bank’s stock worth $129,150,000 after buying an additional 334,386 shares during the period. Finally, Bank of Montreal Can lifted its position in Citizens Financial Group by 51.1% during the third quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank’s stock worth $107,897,000 after buying an additional 894,322 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 0.8 %

CFG opened at $47.96 on Friday. Citizens Financial Group, Inc. has a one year low of $30.24 and a one year high of $49.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s fifty day moving average is $45.77 and its 200-day moving average is $43.56. The company has a market capitalization of $21.13 billion, a PE ratio of 15.83, a P/E/G ratio of 0.83 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities analysts predict that Citizens Financial Group, Inc. will post 3.94 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Friday, January 31st. Citizens Financial Group’s dividend payout ratio is presently 55.45%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CFG. Barclays raised their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Piper Sandler increased their target price on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Citigroup raised their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Truist Financial lifted their target price on Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday, January 21st. Finally, Raymond James reiterated a “strong-buy” rating and issued a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Nine 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

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.