Citizens Financial Group, Inc. $CFG Shares Purchased by Capital International Inc. CA

Capital International Inc. CA boosted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 29.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 606,182 shares of the bank’s stock after buying an additional 138,139 shares during the period. Capital International Inc. CA’s holdings in Citizens Financial Group were worth $32,225,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Ninety One UK Ltd acquired a new stake in shares of Citizens Financial Group during the 3rd quarter valued at approximately $308,946,000. Norges Bank bought a new stake in Citizens Financial Group during the second quarter valued at $253,423,000. HoldCo Asset Management LP acquired a new stake in shares of Citizens Financial Group during the second quarter worth $93,361,000. Marshall Wace LLP acquired a new stake in shares of Citizens Financial Group during the second quarter worth $67,492,000. Finally, Synergy Asset Management LLC bought a new position in shares of Citizens Financial Group in the 3rd quarter worth about $60,434,000. Institutional investors own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CFG has been the subject of a number of recent research reports. Bank of America boosted their price objective on shares of Citizens Financial Group from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada lifted their target price on Citizens Financial Group from $60.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Truist Financial increased their price target on Citizens Financial Group from $63.00 to $71.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Keefe, Bruyette & Woods boosted their price objective on Citizens Financial Group from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. Finally, Morgan Stanley increased their target price on Citizens Financial Group from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Twenty analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.95.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $58.19 on Tuesday. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $68.79. The firm’s 50-day simple moving average is $62.51 and its 200 day simple moving average is $56.50. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.46. The stock has a market cap of $24.73 billion, a P/E ratio of 15.04, a P/E/G ratio of 0.47 and a beta of 0.70.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, beating the consensus estimate of $1.11 by $0.02. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the company earned $0.85 EPS. Citizens Financial Group’s quarterly revenue was up 8.6% on a year-over-year basis. Equities 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 disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Investors 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 3.2%. The ex-dividend date was Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 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.