Richard Bernstein Advisors LLC Decreases Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Richard Bernstein Advisors LLC decreased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 21.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,758 shares of the bank’s stock after selling 23,160 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in Citizens Financial Group were worth $3,621,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Ballentine Partners LLC grew its stake in Citizens Financial Group by 16.3% during the 3rd quarter. Ballentine Partners LLC now owns 7,530 shares of the bank’s stock valued at $309,000 after acquiring an additional 1,057 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Citizens Financial Group by 39.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,279 shares of the bank’s stock worth $1,235,000 after purchasing an additional 8,579 shares during the last quarter. Forsta AP Fonden boosted its holdings in shares of Citizens Financial Group by 16.6% during the 3rd quarter. Forsta AP Fonden now owns 118,300 shares of the bank’s stock worth $4,859,000 after purchasing an additional 16,800 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Citizens Financial Group by 35.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 104,219 shares of the bank’s stock valued at $4,280,000 after purchasing an additional 27,152 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Citizens Financial Group by 0.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 275,006 shares of the bank’s stock valued at $11,171,000 after purchasing an additional 2,306 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Stock Up 0.2 %

Shares of NYSE CFG opened at $44.45 on Wednesday. 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 business’s 50 day moving average is $45.75 and its two-hundred day moving average is $44.07. Citizens Financial Group, Inc. has a 52-week low of $30.30 and a 52-week high of $49.25. The firm has a market cap of $19.43 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 0.81 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. Research analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.78%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Raymond James reissued a “strong-buy” rating and set a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. The Goldman Sachs Group lifted their price target on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Stephens reissued an “overweight” rating and issued a $53.00 price objective on shares of Citizens Financial Group in a report on Wednesday, January 29th. Truist Financial raised their price objective on shares of Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday, January 21st. Finally, Piper Sandler boosted their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $49.00.

Citizens Financial Group Company Profile

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.