Charles Schwab Investment Management Inc. Sells 126,597 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Charles Schwab Investment Management Inc. lessened its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,011,105 shares of the bank's stock after selling 126,597 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.59% of Citizens Financial Group worth $306,806,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Citizens Financial Group in the 4th quarter worth approximately $8,134,000. BTC Capital Management Inc. lifted its stake in Citizens Financial Group by 19.8% in the fourth quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank's stock valued at $1,882,000 after purchasing an additional 7,119 shares during the last quarter. Patton Fund Management Inc. purchased a new position in Citizens Financial Group in the fourth quarter valued at approximately $6,694,000. AEGON ASSET MANAGEMENT UK Plc lifted its stake in Citizens Financial Group by 46.8% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank's stock valued at $50,430,000 after purchasing an additional 367,439 shares during the last quarter. Finally, Versor Investments LP purchased a new position in Citizens Financial Group in the third quarter valued at approximately $1,910,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CFG. Compass Point upped their price objective 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. Citigroup boosted their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Truist Financial boosted their target price on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a "hold" rating in a report on Tuesday, January 21st. Keefe, Bruyette & Woods upped their price target on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a "market perform" rating in a report on Tuesday, January 21st. Finally, Piper Sandler upped their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. Nine investment 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $49.00.

Citizens Financial Group Trading Down 2.4 %

NYSE CFG traded down $1.06 during trading on Thursday, hitting $42.28. 4,290,615 shares of the company's stock traded hands, compared to its average volume of 3,851,438. The stock has a fifty day moving average of $45.87 and a two-hundred day moving average of $44.22. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group, Inc. has a 12-month low of $32.06 and a 12-month high of $49.25. The firm has a market cap of $18.48 billion, a P/E ratio of 13.95, a PEG ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. As a group, sell-side analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued 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 dividend yield of 3.97%. Citizens Financial Group's dividend payout ratio is currently 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.