Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 217,994 shares of the bank’s stock after selling 16,161 shares during the quarter. Quantbot Technologies LP’s holdings in Citizens Financial Group were worth $9,539,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 1620 Investment Advisors Inc. increased its holdings in Citizens Financial Group by 3.2% in the 4th quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank’s stock valued at $338,000 after purchasing an additional 238 shares in the last quarter. Arvest Investments Inc. purchased a new position in Citizens Financial Group in the 4th quarter worth approximately $1,779,000. Algebris UK Ltd boosted its holdings in Citizens Financial Group by 96.6% in the 4th quarter. Algebris UK Ltd now owns 499,665 shares of the bank’s stock worth $21,118,000 after acquiring an additional 245,574 shares during the period. Harvest Fund Management Co. Ltd raised its stake in shares of Citizens Financial Group by 91.6% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 14,405 shares of the bank’s stock valued at $631,000 after purchasing an additional 6,885 shares during the period. Finally, Intech Investment Management LLC lifted its position in shares of Citizens Financial Group by 801.9% during the fourth quarter. Intech Investment Management LLC now owns 102,445 shares of the bank’s stock worth $4,483,000 after purchasing an additional 91,086 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of CFG opened at $39.68 on Friday. Citizens Financial Group, Inc. has a one year low of $32.06 and a one year high of $49.25. The company has a 50-day moving average of $45.54 and a two-hundred day moving average of $44.17. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $17.35 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business posted $0.85 EPS. The company’s revenue was down .1% on a year-over-year basis. On average, equities research analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.23%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s payout ratio is 55.45%.

Analysts Set New Price Targets

A number of research firms have issued reports on CFG. Morgan Stanley reduced their target price on shares of Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday. Piper Sandler raised their target price on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Citigroup boosted their price target on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Barclays raised their price target on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, January 21st. 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.22.

About Citizens Financial Group

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.