Achmea Investment Management B.V. Sells 17,843 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Achmea Investment Management B.V. lowered its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 213,389 shares of the bank's stock after selling 17,843 shares during the quarter. Achmea Investment Management B.V.'s holdings in Citizens Financial Group were worth $9,338,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CFG. Ashton Thomas Securities LLC bought a new stake in shares of Citizens Financial Group during the third quarter worth $27,000. Venturi Wealth Management LLC raised its position in shares of Citizens Financial Group by 174.8% during the third quarter. Venturi Wealth Management LLC now owns 4,076 shares of the bank's stock worth $167,000 after acquiring an additional 2,593 shares during the last quarter. Apollon Wealth Management LLC raised its position in shares of Citizens Financial Group by 46.0% during the third quarter. Apollon Wealth Management LLC now owns 22,173 shares of the bank's stock worth $911,000 after acquiring an additional 6,989 shares during the last quarter. MQS Management LLC bought a new stake in shares of Citizens Financial Group during the third quarter worth $261,000. Finally, Curi RMB Capital LLC increased its holdings in Citizens Financial Group by 2.0% in the third quarter. Curi RMB Capital LLC now owns 187,776 shares of the bank's stock valued at $7,712,000 after purchasing an additional 3,636 shares during the last quarter. Institutional investors own 94.90% of the company's stock.

Remove Ads

Citizens Financial Group Stock Up 0.2 %

Shares of CFG stock traded up $0.10 on Tuesday, hitting $40.96. 4,117,200 shares of the stock were exchanged, compared to its average volume of 4,490,842. 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 firm has a market capitalization of $17.90 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. The business has a 50-day moving average of $45.38 and a 200 day moving average of $44.17. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS 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 firm had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The business's quarterly revenue was down .1% compared to the same quarter last year. Equities analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 annualized dividend and a yield of 4.10%. Citizens Financial Group's dividend payout ratio (DPR) is presently 55.45%.

Analyst Ratings Changes

A number of equities research analysts recently commented on CFG shares. Morgan Stanley dropped their price objective on Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Barclays upped their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Truist Financial upped their price objective on Citizens Financial Group from $49.00 to $54.00 and gave the company a "hold" rating in a report on Tuesday, January 21st. The Goldman Sachs Group upped their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, Compass Point upped their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.22.

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.