Intech Investment Management LLC Acquires 25,274 Shares of Citizens Financial Group, Inc. $CFG

Intech Investment Management LLC increased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 43.9% during the third quarter, HoldingsChannel.com reports. The fund owned 82,794 shares of the bank’s stock after purchasing an additional 25,274 shares during the period. Intech Investment Management LLC’s holdings in Citizens Financial Group were worth $4,401,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC increased its stake in shares of Citizens Financial Group by 891.5% in the third quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after purchasing an additional 526 shares during the period. Capital A Wealth Management LLC lifted its position in shares of 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 worth $36,000 after acquiring an additional 794 shares during the period. State of Wyoming acquired a new stake in shares of Citizens Financial Group during the 2nd quarter worth approximately $39,000. Kestra Investment Management LLC increased its position in shares of Citizens Financial Group by 2,703.0% during the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock valued at $41,000 after purchasing an additional 892 shares during the period. Finally, SJS Investment Consulting Inc. raised its stake in shares of Citizens Financial Group by 3,569.2% in the third quarter. SJS Investment Consulting Inc. now owns 954 shares of the bank’s stock valued at $51,000 after purchasing an additional 928 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Down 5.9%

Shares of CFG opened at $60.07 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85. The company has a market cap of $25.53 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 0.49 and a beta of 0.70. The stock has a fifty day moving average price of $62.54 and a two-hundred day moving average price of $56.04. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week high of $68.79.

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

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio is 47.55%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Royal Bank Of Canada lifted their price objective on Citizens Financial Group from $60.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Bank of America increased their target price on Citizens Financial Group from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Truist Financial boosted their price target on Citizens Financial Group from $63.00 to $71.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $80.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.77.

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.