Syon Capital LLC Purchases 8,787 Shares of Citizens Financial Group, Inc. $CFG

Syon Capital LLC increased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 80.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,771 shares of the bank’s stock after acquiring an additional 8,787 shares during the period. Syon Capital LLC’s holdings in Citizens Financial Group were worth $1,051,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. GoalVest Advisory LLC grew its holdings in shares of 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 purchasing an additional 676 shares during the last quarter. True Wealth Design LLC grew its holdings in Citizens Financial Group by 891.5% during 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. Capital A Wealth Management LLC increased its position in Citizens Financial Group by 3,970.0% in the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock valued at $36,000 after acquiring an additional 794 shares in the last quarter. State of Wyoming bought a new position in shares of Citizens Financial Group in the second quarter worth about $39,000. Finally, Kestra Investment Management LLC grew its position in shares of Citizens Financial Group by 2,703.0% during the 2nd quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock worth $41,000 after buying an additional 892 shares during the period. Institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CFG. Morgan Stanley upped their target price on shares of Citizens Financial Group from $71.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. New Street Research set a $73.00 price objective on Citizens Financial Group in a report on Thursday, January 22nd. Truist Financial raised their target price on Citizens Financial Group from $63.00 to $71.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Royal Bank Of Canada increased their target price on Citizens Financial Group from $60.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $80.00 price target on shares of Citizens Financial Group in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus target price of $68.77.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $64.08 on Friday. The company has a market capitalization of $27.23 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 0.53 and a beta of 0.72. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.46. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $68.79. The stock’s 50 day moving average is $62.03 and its 200-day moving average is $55.28.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. Equities research analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, February 4th. Citizens Financial Group’s payout ratio is presently 47.55%.

About Citizens Financial Group

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.