Bank of Montreal Can Cuts Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Bank of Montreal Can cut its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,619,305 shares of the bank's stock after selling 25,237 shares during the period. Bank of Montreal Can owned 0.59% of Citizens Financial Group worth $114,621,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. bought a new stake in shares of Citizens Financial Group during the 4th quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Citizens Financial Group during the fourth quarter worth about $28,000. Sierra Ocean LLC bought a new stake in Citizens Financial Group during the fourth quarter worth about $47,000. Duncker Streett & Co. Inc. bought a new position in Citizens Financial Group in the 4th quarter valued at about $51,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Citizens Financial Group in the 4th quarter valued at approximately $66,000. Institutional investors own 94.90% of the company's stock.

Citizens Financial Group Trading Up 0.9 %

CFG traded up $0.33 during trading on Monday, reaching $35.15. 2,254,003 shares of the stock traded hands, compared to its average volume of 4,764,895. 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 stock's 50-day moving average is $42.10 and its 200 day moving average is $43.80. Citizens Financial Group, Inc. has a 12 month low of $32.06 and a 12 month high of $49.25. The stock has a market capitalization of $15.37 billion, a PE ratio of 11.60, a P/E/G ratio of 0.81 and a beta of 0.81.

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Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. Citizens Financial Group's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. Equities analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's payout ratio is 55.45%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CFG. Morgan Stanley decreased their price objective on shares of Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Raymond James reissued a "strong-buy" rating and set a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. JPMorgan Chase & Co. reduced their price objective on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Citigroup dropped their target price on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating for the company in a report on Monday, March 24th. Finally, Truist Financial decreased 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. Nine 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 company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $49.06.

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.