Citizens Financial Group, Inc. (NYSE:CFG) Stock Position Decreased by Private Advisor Group LLC

Private Advisor Group LLC decreased its position in Citizens Financial Group, Inc. (NYSE:CFG) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,186 shares of the bank’s stock after selling 611 shares during the quarter. Private Advisor Group LLC’s holdings in Citizens Financial Group were worth $2,546,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. State Street Corp lifted its stake in Citizens Financial Group by 6.7% in the third quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock valued at $1,060,689,000 after acquiring an additional 1,615,144 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Citizens Financial Group by 207.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock valued at $339,733,000 after purchasing an additional 5,579,313 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Citizens Financial Group by 19.3% in the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock valued at $217,781,000 after purchasing an additional 805,758 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Citizens Financial Group by 11.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,144,635 shares of the bank’s stock worth $129,150,000 after purchasing an additional 334,386 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Citizens Financial Group by 51.1% during the third quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank’s stock worth $107,897,000 after buying an additional 894,322 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of NYSE CFG opened at $44.32 on Tuesday. Citizens Financial Group, Inc. has a one year low of $30.30 and a one year 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 business has a fifty day simple moving average of $45.76 and a 200 day simple moving average of $44.04. The firm has a market capitalization of $19.37 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 0.81 and a beta of 1.10.

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

Citizens Financial Group Announces Dividend

The business also recently disclosed 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 3.79%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s payout ratio is 55.45%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CFG. Stephens reaffirmed an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Truist Financial boosted their target price on Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Compass Point upped their target price on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Piper Sandler lifted their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Finally, The Goldman Sachs Group upped their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.00.

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.