River Global Investors LLP Lowers Position in Citizens Financial Group, Inc. (NYSE:CFG)

River Global Investors LLP lessened its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 47.7% during the fourth quarter, Holdings Channel reports. The firm owned 36,091 shares of the bank’s stock after selling 32,852 shares during the period. River Global Investors LLP’s holdings in Citizens Financial Group were worth $1,580,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. CHURCHILL MANAGEMENT Corp bought a new position in Citizens Financial Group during the 4th quarter valued at $8,134,000. BTC Capital Management Inc. raised its holdings in shares of Citizens Financial Group by 19.8% in the fourth quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock valued at $1,882,000 after purchasing an additional 7,119 shares during the last quarter. Patton Fund Management Inc. bought a new position in shares of Citizens Financial Group during the fourth quarter valued at about $6,694,000. AEGON ASSET MANAGEMENT UK Plc boosted its holdings in Citizens Financial Group by 46.8% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock worth $50,430,000 after purchasing an additional 367,439 shares during the last quarter. Finally, Versor Investments LP bought a new stake in Citizens Financial Group in the 3rd quarter worth about $1,910,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on CFG shares. Citigroup lifted their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Stephens reaffirmed an “overweight” rating and set a $53.00 price target on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Truist Financial boosted their price objective on Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday, January 21st. Barclays raised their target price on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Finally, Raymond James reiterated a “strong-buy” rating and set a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Citizens Financial Group currently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

Citizens Financial Group Stock Down 1.7 %

CFG opened at $41.66 on Friday. Citizens Financial Group, Inc. has a 12 month low of $32.06 and a 12 month high of $49.25. The company has a market cap of $18.21 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average of $45.83 and a 200 day moving average of $44.22.

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

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s 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.