Citizens Financial Group Inc. RI Sells 17,762 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Citizens Financial Group Inc. RI lowered its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 443,509 shares of the bank's stock after selling 17,762 shares during the period. Citizens Financial Group Inc. RI owned about 0.10% of Citizens Financial Group worth $19,408,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ameliora Wealth Management Ltd. acquired a new position in Citizens Financial Group during the fourth quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Citizens Financial Group during the 4th quarter valued at $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of Citizens Financial Group during the third quarter worth $27,000. Sierra Ocean LLC acquired a new stake in shares of Citizens Financial Group during the fourth quarter worth $47,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Citizens Financial Group during the third quarter worth $48,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Keefe, Bruyette & Woods boosted 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 research report on Tuesday, January 21st. Barclays lifted their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Morgan Stanley lowered 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 report on Thursday. The Goldman Sachs Group boosted their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Finally, Stephens reiterated an "overweight" rating and set a $53.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Nine research 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's stock. According to MarketBeat.com, Citizens Financial Group presently has an average rating of "Moderate Buy" and an average price target of $49.22.

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Citizens Financial Group Price Performance

NYSE CFG traded up $0.99 on Friday, hitting $40.72. 4,880,487 shares of the company were exchanged, compared to its average volume of 4,569,909. The firm has a 50 day moving average of $45.54 and a two-hundred day moving average of $44.17. The company has a market cap of $17.80 billion, a P/E ratio of 13.44, a P/E/G ratio of 0.81 and a beta of 1.06. 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, Inc. has a 1-year low of $32.06 and a 1-year high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the company posted $0.85 EPS. Citizens Financial Group's revenue for the quarter was down .1% on a year-over-year basis. On average, equities analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's payout ratio is presently 55.45%.

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.