Alliancebernstein L.P. Sells 92,589 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Alliancebernstein L.P. lowered its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 13.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 605,265 shares of the bank's stock after selling 92,589 shares during the quarter. Alliancebernstein L.P. owned approximately 0.14% of Citizens Financial Group worth $26,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of Citizens Financial Group by 207.2% in 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. Norges Bank purchased a new stake in Citizens Financial Group during the fourth quarter valued at about $243,431,000. State Street Corp grew its stake in shares of Citizens Financial Group by 6.7% during the third quarter. State Street Corp now owns 25,826,368 shares of the bank's stock valued at $1,060,689,000 after buying an additional 1,615,144 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Citizens Financial Group during the fourth quarter valued at about $56,483,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Citizens Financial Group by 31.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank's stock worth $155,051,000 after buying an additional 839,041 shares during the period. 94.90% of the stock is currently owned by institutional investors.

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Citizens Financial Group Stock Down 0.0 %

CFG stock traded down $0.01 during midday trading on Friday, hitting $34.78. The stock had a trading volume of 6,848,123 shares, compared to its average volume of 4,768,760. The business has a 50-day moving average of $42.10 and a two-hundred day moving average of $43.78. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $15.20 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81. Citizens Financial Group, Inc. has a 52-week low of $32.06 and a 52-week high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.02. The firm had revenue of $1.99 billion for 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 company's revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. As a group, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share 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. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's dividend payout ratio is 55.45%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Stephens restated an "overweight" rating and set a $53.00 price target on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Raymond James restated a "strong-buy" rating and issued a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Barclays upped 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 report on Monday, January 6th. Truist Financial cut their price target on shares of Citizens Financial Group from $54.00 to $51.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Finally, Citigroup decreased their price objective on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $49.06.

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.