Citizens Financial Group, Inc. (NYSE:CFG) Stock Holdings Lessened by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,652,417 shares of the bank’s stock after selling 314,400 shares during the quarter. Vanguard Group Inc. owned 0.12% of Citizens Financial Group worth $2,260,310,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CFG. Ameliora Wealth Management Ltd. purchased a new position in shares of Citizens Financial Group during the 4th quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Citizens Financial Group during the fourth quarter valued at $28,000. Sierra Ocean LLC purchased a new position in Citizens Financial Group in the fourth quarter valued at about $47,000. Legacy Investment Solutions LLC acquired a new position in Citizens Financial Group in the 3rd quarter worth about $48,000. Finally, Duncker Streett & Co. Inc. purchased a new stake in shares of Citizens Financial Group during the 4th quarter worth about $51,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Raymond James reissued a “strong-buy” rating and issued a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Piper Sandler increased their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Truist Financial reduced their price objective on shares of Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Barclays increased their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Finally, Morgan Stanley reduced their price target on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued 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 target price of $48.67.

Citizens Financial Group Price Performance

NYSE:CFG opened at $41.98 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group, Inc. has a one year low of $32.06 and a one year high of $49.25. The company has a fifty day moving average price of $44.91 and a 200 day moving average price of $44.13. The stock has a market cap of $18.35 billion, a P/E ratio of 13.86, a PEG ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the company earned $0.85 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. Analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.00%. 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

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.