Citizens Financial Group, Inc. $CFG Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 15.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,181 shares of the bank’s stock after purchasing an additional 7,796 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Citizens Financial Group were worth $3,093,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. GoalVest Advisory LLC lifted its position in Citizens Financial Group by 16,900.0% during the second quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after buying an additional 676 shares in the last quarter. True Wealth Design LLC increased its stake in shares of Citizens Financial Group by 891.5% in the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after acquiring an additional 526 shares during the last quarter. REAP Financial Group LLC raised its holdings in shares of Citizens Financial Group by 72.4% during the 2nd quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock worth $33,000 after acquiring an additional 309 shares during the period. Capital A Wealth Management LLC raised its holdings in shares of Citizens Financial Group by 3,970.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock worth $36,000 after acquiring an additional 794 shares during the period. Finally, State of Wyoming acquired a new position in shares of Citizens Financial Group during the 2nd quarter valued at about $39,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Truist Financial raised their price objective on shares of Citizens Financial Group from $63.00 to $71.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Morgan Stanley raised their price target on shares of Citizens Financial Group from $71.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. TD Cowen lifted their price target on shares of Citizens Financial Group from $75.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Bank of America increased their price objective on Citizens Financial Group from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Raymond James Financial cut Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $62.00 to $66.00 in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.55.

Citizens Financial Group Stock Up 3.1%

Citizens Financial Group stock opened at $64.92 on Tuesday. The company has a market capitalization of $27.88 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 0.51 and a beta of 0.72. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $65.88. The firm has a 50 day moving average price of $59.29 and a 200 day moving average price of $53.79.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, topping the consensus estimate of $1.11 by $0.02. Citizens Financial Group had a return on equity of 7.89% and a net margin of 15.19%.The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the business posted $0.85 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio (DPR) is 47.55%.

Citizens Financial Group Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.