Leuthold Group LLC Reduces Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

by · The Cerbat Gem

Leuthold Group LLC lessened its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG – Free Report) by 3.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 97,904 shares of the bank’s stock after selling 3,538 shares during the period. Leuthold Group LLC’s holdings in Citizens Financial Group were worth $4,284,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CFG. Hudson Edge Investment Partners Inc. raised its stake in shares of Citizens Financial Group by 1.8% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 143,726 shares of the bank’s stock valued at $6,289,000 after acquiring an additional 2,609 shares during the period. Bradley Foster & Sargent Inc. CT bought a new position in Citizens Financial Group during the 4th quarter valued at about $210,000. Wolverine Asset Management LLC raised its position in Citizens Financial Group by 2.5% in the 4th quarter. Wolverine Asset Management LLC now owns 40,921 shares of the bank’s stock worth $1,791,000 after purchasing an additional 1,014 shares during the period. Hussman Strategic Advisors Inc. purchased a new stake in Citizens Financial Group in the 4th quarter worth about $1,838,000. Finally, Handelsbanken Fonder AB lifted its stake in Citizens Financial Group by 14.6% in the fourth quarter. Handelsbanken Fonder AB now owns 85,513 shares of the bank’s stock worth $3,742,000 after purchasing an additional 10,913 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CFG has been the topic of a number of analyst reports. The Goldman Sachs Group upped their target price on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Barclays lifted their price target on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Compass Point increased their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Stephens reiterated an “overweight” rating and issued a $53.00 target price on shares of Citizens Financial Group in a report on Wednesday, January 29th. Finally, Piper Sandler increased their price target on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Get Our Latest Analysis on CFG

Citizens Financial Group Trading Down 2.8 %

NYSE CFG opened at $44.87 on Friday. Citizens Financial Group, Inc. has a 52 week low of $30.30 and a 52 week high of $49.25. The company has a 50 day moving average price of $45.80 and a 200 day moving average price of $43.89. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market cap of $19.61 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 0.83 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG – Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 earnings per share. As a group, sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is presently 55.45%.

Citizens Financial Group Company Profile

(Free Report)

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

Read More

Want to see what other hedge funds are holding CFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens Financial Group, Inc. (NYSE:CFG – Free Report).