AlphaQuest LLC Sells 29,892 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

AlphaQuest LLC decreased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 38.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,418 shares of the bank's stock after selling 29,892 shares during the quarter. AlphaQuest LLC's holdings in Citizens Financial Group were worth $2,119,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of 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 purchasing an additional 1,615,144 shares during the last quarter. Wellington Management Group LLP lifted its position 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 worth $339,733,000 after buying an additional 5,579,313 shares during the last quarter. Nordea Investment Management AB boosted its position in Citizens Financial Group by 19.3% in 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 in the last quarter. Bank of New York Mellon Corp grew its position in Citizens Financial Group by 31.0% during the 4th quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank's stock worth $155,051,000 after acquiring an additional 839,041 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Citizens Financial Group by 11.9% in the 3rd 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 acquiring an additional 334,386 shares during the period. 94.90% of the stock is owned by institutional investors.

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Citizens Financial Group Price Performance

NYSE:CFG traded down $0.79 during midday trading on Thursday, hitting $39.68. The company had a trading volume of 5,315,265 shares, compared to its average volume of 4,152,656. The stock's fifty day moving average price is $45.62 and its 200-day moving average price is $44.20. Citizens Financial Group, Inc. has a 52-week low of $32.06 and a 52-week high of $49.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $17.35 billion, a PE ratio of 13.10, a P/E/G ratio of 0.81 and a beta of 1.06.

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

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 4.23%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's dividend payout ratio (DPR) is presently 55.45%.

Analysts Set New Price Targets

CFG has been the subject of a number of recent analyst reports. Compass Point increased their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Barclays upped their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Citigroup boosted their target price on Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Piper Sandler upped their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group increased their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of "Moderate Buy" and an average 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.