XTX Topco Ltd Sells 49,513 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

XTX Topco Ltd decreased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 80.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,933 shares of the bank's stock after selling 49,513 shares during the period. XTX Topco Ltd's holdings in Citizens Financial Group were worth $522,000 at the end of the most recent quarter.

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

Citizens Financial Group Stock Down 0.5 %

Shares of NYSE:CFG traded down $0.18 during mid-day trading on Friday, hitting $37.26. 680,445 shares of the company traded hands, compared to its average volume of 4,777,364. The stock has a market cap of $16.29 billion, a P/E ratio of 12.30, a P/E/G ratio of 0.81 and a beta of 0.81. The stock has a 50-day moving average price of $40.07 and a two-hundred day moving average price of $43.46. Citizens Financial Group, Inc. has a 12-month low of $32.60 and a 12-month high of $49.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. On average, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.51%. Citizens Financial Group's dividend payout ratio is currently 53.33%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CFG. Raymond James reiterated a "strong-buy" rating and issued a $48.00 target price (down from $58.00) on shares of Citizens Financial Group in a research note on Thursday, April 17th. The Goldman Sachs Group cut their target price on Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. reduced their price objective on shares of 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. Morgan Stanley reduced their price target on shares of Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. Finally, Barclays lowered their price objective on shares of Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Citizens Financial Group currently has an average rating of "Moderate Buy" and a consensus target price of $46.18.

About Citizens Financial Group

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.