Leuthold Group LLC Reduces Position in Citizens Financial Group, Inc. (NYSE:CFG)

Leuthold Group LLC trimmed its position in Citizens Financial Group, Inc. (NYSE:CFG) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,904 shares of the bank’s stock after selling 3,538 shares during the period. Leuthold Group LLC’s holdings in Citizens Financial Group were worth $4,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CFG. Costello Asset Management INC purchased a new position in Citizens Financial Group during the 3rd quarter worth approximately $25,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Citizens Financial Group during the fourth quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Citizens Financial Group during the fourth quarter worth $28,000. Ashton Thomas Securities LLC acquired a new position in Citizens Financial Group during the third quarter valued at $27,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Citizens Financial Group during the 3rd quarter worth about $28,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

CFG has been the topic of a number of recent research reports. Stephens restated an “overweight” rating and issued a $53.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods upped their price objective on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. 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 note on Tuesday, January 21st. Raymond James reissued a “strong-buy” rating and set a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Finally, Barclays raised their price target on shares of 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. Nine 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Trading Down 2.8 %

Shares of Citizens Financial Group stock opened at $44.87 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a twelve month low of $30.30 and a twelve month high of $49.25. The firm has a market capitalization of $19.61 billion, a PE ratio of 14.81, a P/E/G ratio of 0.83 and a beta of 1.10. The firm’s 50-day moving average price is $45.80 and its 200 day moving average price is $43.89.

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 return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the business posted $0.85 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, sell-side analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced 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 of this dividend was Friday, January 31st. This represents a $1.68 annualized dividend and a yield of 3.74%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Citizens Financial Group 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.