Citizens Financial Group, Inc. (NYSE:CFG) has recently attracted significant attention from Mirae Asset Global Investments Co. Ltd., registering an additional 5,873 shares during the fourth quarter of 2020, which amounts to a 10.5% growth in holdings. According to the most recent Form 13F filing with the Securities & Exchange Commission, this institutional investor now owns an impressive 61,594 shares in CFG’s stock, worth a staggering $2,425,000 as of the last filing.
While this data clearly indicates CFG’s appeal to high-level financial players like Mirae Asset Global Investments Co. Ltd., it also provides valuable insights for CFG shareholders interested in capitalizing on recent market developments. For instance, CFG announced a quarterly dividend recently that amounted to $0.42 per share and was paid out on May 17th to record holders by May 3rd of this year. With its current annualized basis dividends standing at $1.68 a share and exhibiting a yield rate of a healthy 6.26%, CFG remains an attractive option for yield-seeking investors.
In light of this data and persisting favorable market forecasts for the coming quarters, shares for CFG opened at $26.85 on Friday amidst high anticipation among investors who recognize the opportunity across multiple investment horizons as the firm boasts strong fundamentals–a debt-to-equity ratio of only .85–and healthy liquidity ratios based upon an undergirding stable performance that has been producing consistent profits following operational efficiency initiatives over the past few years.
Moreover, recent price movement can be perceived as attractive to long-term investors given its Price-Earnings ratio (P/E ratio) is hovering around 6.47 whereas its PEG ratio stands at .21; indicating that future growth levels are expected after top management repositioned and reduced expenses over the past couple of years even before unexpected pandemic shocks occurred into financial markets. Notably, the beta ratio currently stands at 1.32 indicative of moderate sensitivity to systemic shocks in risk events by expert analysts.
Moving forward, it’s important for potential investors to keep track not only of the firm’s results but also our present-day turbulent times, which affect nearly all endeavors on earth. The market capitalization of the firm is $13bn as CFG positions itself in well-managed steps to gain profitability despite the changes and make a significant impact given the current economic environment. As CFG shares continue trading below their pre-pandemic values, investors should scrutinize this company closely for possible future growth opportunities that align themselves with their investment goals.
Citizens Financial Group Experiences Investor Increase in Shareholder Roster as Market Momentum Continues
Citizens Financial Group (NYSE:CFG) has recently undergone several changes to its shareholder roster, with a number of large investors making significant changes to their positions in the business. Salem Investment Counselors Inc., for instance, increased its holdings by an astounding 1,656.0% during the third quarter and now owns 878 shares, worth $30,000. Meanwhile, Geneos Wealth Management Inc. boosted its ownership by 483.3% during Q4 and now holds 875 shares valued at $34,000 after an additional purchase of 725 shares during that period.
As institutional investors continued to join in on CFG’s stock value momentum, Lindbrook Capital LLC also upped its stakes in the bank by 63.0%, owning almost a thousand shares worth around $39,000 after purchasing an extra 382 shares in the last quarter of last year. Guardian Wealth Advisors LLC acquired new stakes during the third quarter amounting to approximately $40,000 while Accurate Wealth Management LLC bought a total of $83,000 in stake purchases back in Q4 of last year as well.
It appears that expert observers are taking note; investor Director Terrance Lillis made a considerable investment as well – he bought 1,000 shares at an average price of $26.39 per share for a total transaction cost of around $26,390.00 on Wednesday, May 17th.
Regarding market activity analysis at Citizens Financial Group (CFG), recent quarterly earnings data indicates mixed results for the company with significant movement on key metrics; most notably on revenue it reported disappointing numbers with Q1 coming in below estimated forecasts . However this seems to have not deterred its shareholders since there is still keen interest about the bank’s performance as seen from company insiders who remain invested and other analysts projections for fiscal figures expected upcoming.
Overall the company seems to be experiencing positive market momentum at present which was particularly highlighted when its Board of Directors approved a stock repurchase program towards the end of Q1 2017. This move saw Citizens Financial Group announce a $1.15 billion stock buyback plan that allows the bank to regain up to 5.6% of its inventory through open market purchases, indicating that company management has faith in the underlying performance and value of CFG stock currently trading on NYSE .
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