Invesco Ltd. Sells 873,828 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Invesco Ltd. lowered its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,195,533 shares of the bank’s stock after selling 873,828 shares during the quarter. Invesco Ltd. owned about 0.05% of Citizens Financial Group worth $1,058,797,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CFG. My Legacy Advisors LLC boosted its holdings in shares of Citizens Financial Group by 1.0% during the 4th quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock worth $1,074,000 after buying an additional 229 shares during the period. Brooklyn Investment Group lifted its position in Citizens Financial Group by 3.3% during the 4th quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock worth $320,000 after acquiring an additional 233 shares during the last quarter. 1620 Investment Advisors Inc. boosted its holdings in Citizens Financial Group by 3.2% during the fourth quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank’s stock valued at $338,000 after acquiring an additional 238 shares during the period. SeaCrest Wealth Management LLC boosted its holdings in Citizens Financial Group by 0.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock valued at $1,257,000 after acquiring an additional 246 shares during the period. Finally, Ballentine Partners LLC increased its stake in shares of Citizens Financial Group by 3.3% in the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank’s stock worth $340,000 after purchasing an additional 247 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Trading Down 5.4 %

Shares of Citizens Financial Group stock opened at $34.28 on Monday. Citizens Financial Group, Inc. has a 12-month low of $31.51 and a 12-month high of $49.25. 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 $43.78 and its 200-day moving average is $44.10. The stock has a market cap of $14.98 billion, a P/E ratio of 11.31, a P/E/G ratio of 0.81 and a beta of 0.81.

Citizens Financial Group (NYSE:CFG) last released 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 analyst estimates of $1.96 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.90%. Citizens Financial Group’s payout ratio is presently 55.45%.

Analyst Ratings Changes

Several research firms have recently weighed in on CFG. JPMorgan Chase & Co. reduced their price objective on Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday. Stephens reaffirmed an “overweight” rating and set a $53.00 price objective on shares of Citizens Financial Group in a report on Wednesday, January 29th. Raymond James reiterated a “strong-buy” rating and issued a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Compass Point raised their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Truist Financial decreased their price objective on Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $49.06.

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.