Allspring Global Investments Holdings LLC Sells 13,895 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Allspring Global Investments Holdings LLC cut its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 351,530 shares of the bank's stock after selling 13,895 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.08% of Citizens Financial Group worth $15,333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp raised its position 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 worth $1,060,689,000 after purchasing an additional 1,615,144 shares during the period. Wellington Management Group LLP raised its position in Citizens Financial Group by 207.2% during the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank's stock valued at $339,733,000 after buying an additional 5,579,313 shares during the period. Nordea Investment Management AB raised its position in Citizens Financial Group by 19.3% during the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank's stock valued at $217,781,000 after buying an additional 805,758 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Citizens Financial Group by 11.9% during 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 valued at $129,150,000 after buying an additional 334,386 shares during the period. Finally, Bank of Montreal Can raised 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 valued at $107,897,000 after buying an additional 894,322 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CFG. The Goldman Sachs Group upped their price target on Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Compass Point boosted their target price on Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. 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 research note on Tuesday, January 21st. Piper Sandler upped their price target on Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Finally, Barclays upped their price target on Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Citizens Financial Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.00.

Citizens Financial Group Price Performance

Shares of CFG traded down $1.18 during mid-day trading on Thursday, reaching $46.21. The company had a trading volume of 3,970,017 shares, compared to its average volume of 3,794,170. Citizens Financial Group, Inc. has a twelve month low of $30.30 and a twelve month high of $49.25. 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 company's 50-day moving average is $45.79 and its 200-day moving average is $43.87. The company has a market capitalization of $20.20 billion, a P/E ratio of 15.25, a P/E/G ratio of 0.82 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.02. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Citizens Financial Group's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. On average, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 3.64%. Citizens Financial Group's dividend payout ratio (DPR) is presently 55.45%.

Citizens Financial Group Company 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.