Assenagon Asset Management S.A. Decreases Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Assenagon Asset Management S.A. reduced its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 58.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 852,955 shares of the bank's stock after selling 1,190,695 shares during the period. Assenagon Asset Management S.A. owned approximately 0.19% of Citizens Financial Group worth $37,325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Versor Investments LP bought a new position in shares of Citizens Financial Group in the 3rd quarter valued at $1,910,000. Nordea Investment Management AB grew its holdings in shares of Citizens Financial Group by 19.3% during 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. Franklin Resources Inc. lifted its stake in Citizens Financial Group by 4.8% in the 3rd quarter. Franklin Resources Inc. now owns 655,600 shares of the bank's stock valued at $28,368,000 after purchasing an additional 29,940 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Citizens Financial Group in the third quarter valued at approximately $590,000. Finally, Pathstone Holdings LLC lifted its stake in shares of Citizens Financial Group by 7.7% in the 3rd quarter. Pathstone Holdings LLC now owns 154,546 shares of the bank's stock valued at $6,347,000 after acquiring an additional 11,044 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CFG shares. Truist Financial started coverage on shares of Citizens Financial Group in a report on Tuesday, January 7th. They issued a "hold" rating and a $49.00 price objective for the company. Compass Point increased their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. StockNews.com raised shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. 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 research report on Monday, January 6th. Finally, DA Davidson boosted their price objective on Citizens Financial Group from $46.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Nine research 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $47.78.

Citizens Financial Group Price Performance

NYSE:CFG traded up $0.72 during mid-day trading on Friday, hitting $47.52. 6,398,775 shares of the stock traded hands, compared to its average volume of 4,051,061. The business's 50-day moving average price is $45.64 and its 200 day moving average price is $42.62. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. Citizens Financial Group, Inc. has a 12-month low of $30.24 and a 12-month high of $49.25. The company has a market cap of $20.94 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.29 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 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1,962,330 billion. During the same quarter last year, the firm posted $0.85 EPS. The company's revenue was down .1% compared to the same quarter last year. On average, analysts expect that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.54%. Citizens Financial Group's payout ratio is 66.14%.

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.