Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,896,089 shares of the bank's stock after selling 293,126 shares during the quarter. LSV Asset Management owned 1.34% of Citizens Financial Group worth $258,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Citizens Financial Group during the fourth quarter worth $243,431,000. Wellington Management Group LLP raised its stake in Citizens Financial Group by 27.8% in the 4th quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock worth $462,547,000 after acquiring an additional 2,298,040 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Citizens Financial Group in the 4th quarter worth $56,483,000. Bank of New York Mellon Corp grew its stake in Citizens Financial Group by 31.0% during the 4th quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank's stock valued at $155,051,000 after purchasing an additional 839,041 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Citizens Financial Group by 19.3% in 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 period. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Truist Financial decreased their target price on Citizens Financial Group from $54.00 to $51.00 and set a "hold" rating for the company in a report on Friday, March 21st. Morgan Stanley dropped 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 report on Thursday, March 13th. Raymond James reissued a "strong-buy" rating and set a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. JPMorgan Chase & Co. decreased their target price on shares of Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Finally, Stephens reaffirmed an "overweight" rating and set a $53.00 price target on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Citizens Financial Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.06.

Citizens Financial Group Price Performance

Shares of CFG stock traded down $0.01 on Friday, reaching $34.78. 6,848,123 shares of the company were exchanged, compared to its average volume of 4,768,760. Citizens Financial Group, Inc. has a 1 year low of $32.06 and a 1 year high of $49.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The business has a 50-day moving average price of $42.10 and a 200 day moving average price of $43.78. The company has a market cap of $15.20 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 0.81 and a beta of 0.81.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping 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 return on equity of 6.75% and a net margin of 12.21%. Citizens Financial Group's quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 EPS. Equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 annualized dividend and a yield of 4.83%. Citizens Financial Group's dividend payout ratio (DPR) is presently 55.45%.

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.