Asset Management One Co. Ltd. Sells 7,289 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Asset Management One Co. Ltd. decreased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 161,042 shares of the bank's stock after selling 7,289 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Citizens Financial Group were worth $7,025,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its stake in 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 valued at $339,733,000 after purchasing an additional 5,579,313 shares during the period. State Street Corp raised its holdings 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. Assenagon Asset Management S.A. boosted its position in shares of Citizens Financial Group by 85.6% during the third quarter. Assenagon Asset Management S.A. now owns 2,043,650 shares of the bank's stock worth $83,933,000 after buying an additional 942,662 shares during the period. Bank of Montreal Can grew its holdings in Citizens Financial Group by 51.1% in the 3rd quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank's stock worth $107,897,000 after buying an additional 894,322 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Citizens Financial Group by 124.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,511,148 shares of the bank's stock valued at $62,063,000 after acquiring an additional 838,917 shares during the period. Institutional investors own 94.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. The Goldman Sachs Group boosted their price target on Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Stephens reiterated an "overweight" rating and issued a $53.00 target price on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Truist Financial boosted their price target on shares of Citizens Financial Group from $49.00 to $54.00 and gave the stock a "hold" rating in a research report on Tuesday, January 21st. Piper Sandler increased their price objective on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an "overweight" rating in a report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a "market perform" rating in a research note on Tuesday, January 21st. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.00.

Citizens Financial Group Trading Down 2.8 %

CFG traded down $1.32 during trading on Friday, reaching $44.87. The company had a trading volume of 2,873,771 shares, compared to its average volume of 3,767,096. The firm's 50-day simple moving average is $45.80 and its 200 day simple moving average is $43.89. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $19.61 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 0.83 and a beta of 1.10. Citizens Financial Group, Inc. has a 12-month low of $30.30 and a 12-month 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 the consensus estimate of $0.83 by $0.02. The business 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 firm's quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. Equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.74%. Citizens Financial Group's payout ratio 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.