Chevy Chase Trust Holdings LLC Has $10.12 Million Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Chevy Chase Trust Holdings LLC cut its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 231,260 shares of the bank's stock after selling 9,100 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Citizens Financial Group worth $10,120,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. State Street Corp boosted its stake in shares of Citizens Financial Group by 6.7% during the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank's stock worth $1,060,689,000 after acquiring an additional 1,615,144 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Citizens Financial Group by 207.2% in the third 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 period. Nordea Investment Management AB boosted its position in Citizens Financial Group by 19.3% during the fourth 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Citizens Financial Group by 11.9% during the third 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 purchasing an additional 334,386 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in Citizens Financial Group by 51.1% during the third quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank's stock valued at $107,897,000 after purchasing an additional 894,322 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Trading Down 2.5 %

CFG stock traded down $1.18 during trading on Thursday, hitting $46.21. The company had a trading volume of 3,970,017 shares, compared to its average volume of 3,794,170. 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 firm has a 50-day moving average price of $45.79 and a 200-day moving average price of $43.87. Citizens Financial Group, Inc. has a 12 month low of $30.30 and a 12 month high of $49.25. The stock has a market cap of $20.20 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 0.82 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its earnings results on Friday, January 17th. The bank reported $0.85 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 company had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The business's revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.64%. Citizens Financial Group's dividend payout ratio is 55.45%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Raymond James reissued a "strong-buy" rating and set a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Compass Point raised their target price on Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Barclays raised their target price on Citizens Financial Group from $47.00 to $52.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Truist Financial lifted their price objective on Citizens Financial Group from $49.00 to $54.00 and gave the stock a "hold" rating in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group lifted their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.00.

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.