Citizens Financial Group Inc. RI Buys Shares of 3,600 MoneyLion Inc. (NYSE:ML)

Citizens Financial Group Inc. RI bought a new stake in MoneyLion Inc. (NYSE:ML) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 3,600 shares of the company’s stock, valued at approximately $310,000.

Several other large investors have also modified their holdings of ML. Covestor Ltd boosted its holdings in MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after purchasing an additional 255 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of MoneyLion in the 4th quarter valued at approximately $29,000. Point72 DIFC Ltd purchased a new stake in shares of MoneyLion in the third quarter valued at approximately $40,000. FMR LLC grew its holdings in MoneyLion by 154.6% during the third quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after acquiring an additional 637 shares during the period. Finally, New York State Teachers Retirement System acquired a new position in MoneyLion during the fourth quarter worth $67,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

MoneyLion Price Performance

Shares of NYSE ML opened at $86.17 on Friday. The firm’s 50-day moving average is $86.72 and its two-hundred day moving average is $70.23. MoneyLion Inc. has a 12-month low of $36.65 and a 12-month high of $106.82. The company has a market capitalization of $975.48 million, a PE ratio of 391.70 and a beta of 3.04.

Analysts Set New Price Targets

Several equities research analysts have commented on ML shares. B. Riley lowered shares of MoneyLion from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $133.00 to $90.00 in a research report on Wednesday, February 26th. Needham & Company LLC reissued a “hold” rating on shares of MoneyLion in a report on Friday, March 7th. Northland Securities increased their target price on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Lake Street Capital reissued a “hold” rating and set a $82.00 price target (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Three analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.83.

Insider Activity at MoneyLion

In related news, insider Timmie Hong sold 1,365 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $85.76, for a total transaction of $117,062.40. Following the transaction, the insider now directly owns 95,395 shares in the company, valued at approximately $8,181,075.20. This represents a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Diwakar Choubey sold 18,506 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $1,614,833.56. Following the transaction, the chief executive officer now owns 320,865 shares in the company, valued at approximately $27,998,679.90. The trade was a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 60,403 shares of company stock valued at $5,245,538 over the last quarter. Insiders own 11.90% of the company’s stock.

About MoneyLion

MoneyLion Inc, a financial technology company, provides personalized products and financial content for American consumers. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include RoarMoney, an insured digital demand deposit account; Instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus membership program; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; Roundups, which provides features designed to encourage customers to establish good saving and investing habits; and MoneyLion Crypto, an online cryptocurrency account.