Algebris UK Ltd. Has $29.53 Million Holdings in Citizens Financial Group, Inc. $CFG

Algebris UK Ltd. reduced its position in Citizens Financial Group, Inc. (NYSE:CFG) by 43.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 505,383 shares of the bank’s stock after selling 396,248 shares during the period. Citizens Financial Group comprises about 1.4% of Algebris UK Ltd.’s holdings, making the stock its 18th largest position. Algebris UK Ltd.’s holdings in Citizens Financial Group were worth $29,533,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Capital World Investors boosted its stake in shares of Citizens Financial Group by 1.7% during the 3rd quarter. Capital World Investors now owns 37,289,711 shares of the bank’s stock worth $1,982,532,000 after acquiring an additional 614,181 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Citizens Financial Group by 1.7% during the 3rd quarter. Invesco Ltd. now owns 24,064,513 shares of the bank’s stock worth $1,279,270,000 after acquiring an additional 393,158 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Citizens Financial Group by 7.5% during the 4th quarter. Nordea Investment Management AB now owns 7,220,986 shares of the bank’s stock worth $423,222,000 after acquiring an additional 505,614 shares in the last quarter. Ninety One UK Ltd boosted its stake in shares of Citizens Financial Group by 13.1% during the 4th quarter. Ninety One UK Ltd now owns 6,574,714 shares of the bank’s stock worth $384,029,000 after acquiring an additional 763,098 shares in the last quarter. Finally, Capital International Investors boosted its stake in shares of Citizens Financial Group by 2.3% during the 3rd quarter. Capital International Investors now owns 6,047,378 shares of the bank’s stock worth $321,534,000 after acquiring an additional 138,688 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $62.85 on Thursday. The business has a 50 day moving average price of $61.59 and a 200 day moving average price of $59.93. Citizens Financial Group, Inc. has a twelve month low of $38.80 and a twelve month high of $68.79. The company has a market cap of $26.58 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 0.49 and a beta of 0.70. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.51.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.03. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the company earned $0.77 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. Research analysts predict that Citizens Financial Group, Inc. will post 5.19 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were paid a dividend of $0.46 per share. The ex-dividend date was Thursday, April 30th. This represents a $1.84 annualized dividend and a yield of 2.9%. Citizens Financial Group’s dividend payout ratio is presently 43.50%.

Insider Activity at Citizens Financial Group

In related news, insider Michelle Moosally sold 6,050 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total transaction of $376,068.00. Following the completion of the sale, the insider owned 22,565 shares in the company, valued at $1,402,640.40. This represents a 21.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Susan Lamonica sold 13,258 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total value of $769,494.32. Following the sale, the insider owned 165,971 shares of the company’s stock, valued at approximately $9,632,956.84. The trade was a 7.40% decrease in their position. The SEC filing for this sale provides additional information. 0.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. TD Cowen upped their price target on Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Robert W. Baird upgraded Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 price target for the company in a research note on Monday, March 9th. Cantor Fitzgerald reiterated an “overweight” rating and set a $75.00 price target on shares of Citizens Financial Group in a research note on Tuesday, March 3rd. Citigroup reiterated a “buy” rating on shares of Citizens Financial Group in a research note on Friday, May 8th. Finally, Weiss Ratings upgraded Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Nineteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.88.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.