Infrastructure Capital Advisors LLC boosted its holdings in Citizens Financial Group, Inc. (NYSE:CFG – Free Report) by 198.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,043 shares of the bank’s stock after acquiring an additional 13,987 shares during the period. Infrastructure Capital Advisors LLC’s holdings in Citizens Financial Group were worth $639,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in CFG. Heritage Wealth Management LLC increased its stake in shares of Citizens Financial Group by 100.0% during the 4th quarter. Heritage Wealth Management LLC now owns 646 shares of the bank’s stock worth $25,000 after purchasing an additional 323 shares in the last quarter. Resurgent Financial Advisors LLC acquired a new stake in Citizens Financial Group during the 4th quarter valued at $28,000. Asset Dedication LLC raised its holdings in shares of Citizens Financial Group by 155.2% in the first quarter. Asset Dedication LLC now owns 809 shares of the bank’s stock worth $25,000 after acquiring an additional 492 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in shares of Citizens Financial Group in the fourth quarter worth $34,000. Finally, Clear Street Markets LLC lifted its position in shares of Citizens Financial Group by 93.6% in the first quarter. Clear Street Markets LLC now owns 964 shares of the bank’s stock valued at $29,000 after acquiring an additional 466 shares in the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.
Citizens Financial Group Stock Up 1.6 %
Shares of NYSE CFG opened at $27.37 on Friday. The stock has a fifty day moving average price of $28.99 and a 200 day moving average price of $29.65. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.65. Citizens Financial Group, Inc. has a 12-month low of $23.37 and a 12-month high of $44.82. The company has a market cap of $12.93 billion, a P/E ratio of 6.22 and a beta of 1.35.
Citizens Financial Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 16th. Shareholders of record on Wednesday, August 2nd were issued a $0.42 dividend. The ex-dividend date of this dividend was Tuesday, August 1st. This represents a $1.68 dividend on an annualized basis and a yield of 6.14%. Citizens Financial Group’s dividend payout ratio is currently 38.18%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on CFG. Royal Bank of Canada cut their target price on shares of Citizens Financial Group from $52.00 to $44.00 and set an “outperform” rating for the company in a research note on Friday, June 30th. The Goldman Sachs Group raised their target price on shares of Citizens Financial Group from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Citigroup lifted their target price on shares of Citizens Financial Group from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday, July 21st. Morgan Stanley reissued an “overweight” rating and set a $33.00 price target on shares of Citizens Financial Group in a research note on Friday, July 21st. Finally, Wedbush lifted their price objective on Citizens Financial Group from $28.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, July 20th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.71.
Read Our Latest Analysis on Citizens Financial Group
Citizens Financial Group Company Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association 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.
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