Deutsche Bank AG Sells 36,416 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Deutsche Bank AG lessened its position in Citizens Financial Group, Inc. (NYSE:CFG) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,873,531 shares of the bank’s stock after selling 36,416 shares during the period. Deutsche Bank AG owned 0.43% of Citizens Financial Group worth $81,986,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Citizens Financial Group in the fourth quarter worth about $8,134,000. BTC Capital Management Inc. grew its position in shares of Citizens Financial Group by 19.8% in the 4th quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock worth $1,882,000 after buying an additional 7,119 shares during the last quarter. Patton Fund Management Inc. purchased a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $6,694,000. AEGON ASSET MANAGEMENT UK Plc raised its holdings in shares of 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 valued at $50,430,000 after acquiring an additional 367,439 shares in the last quarter. Finally, SVB Wealth LLC bought a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $421,000. Institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CFG shares. Royal Bank of Canada cut their price target on shares of Citizens Financial Group from $50.00 to $44.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. Morgan Stanley cut their target price on shares of Citizens Financial Group from $54.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. Stephens decreased their price target on shares of Citizens Financial Group from $53.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, April 7th. Piper Sandler lowered their price objective on shares of Citizens Financial Group from $48.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $48.00 price objective (down from $58.00) on shares of Citizens Financial Group in a research report on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.18.

Citizens Financial Group Trading Up 0.3%

NYSE CFG opened at $39.12 on Monday. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $49.25. 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 stock’s fifty day moving average price is $38.45 and its 200-day moving average price is $43.17. The stock has a market cap of $17.10 billion, a P/E ratio of 12.91, a P/E/G ratio of 0.81 and a beta of 0.74.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. As a group, equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Wednesday, April 30th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 53.33%.

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.