Canada Pension Plan Investment Board Has $29.50 Million Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Canada Pension Plan Investment Board raised its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 128.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 674,200 shares of the bank's stock after acquiring an additional 379,200 shares during the quarter. Canada Pension Plan Investment Board owned 0.15% of Citizens Financial Group worth $29,503,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CFG. My Legacy Advisors LLC raised its position in shares of Citizens Financial Group by 1.0% in the 4th quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank's stock valued at $1,074,000 after purchasing an additional 229 shares in the last quarter. Brooklyn Investment Group raised its holdings in Citizens Financial Group by 3.3% in the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank's stock valued at $320,000 after acquiring an additional 233 shares in the last quarter. 1620 Investment Advisors Inc. grew its holdings in Citizens Financial Group by 3.2% during the 4th quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank's stock worth $338,000 after acquiring an additional 238 shares in the last quarter. SeaCrest Wealth Management LLC grew its holdings in Citizens Financial Group by 0.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank's stock worth $1,257,000 after acquiring an additional 246 shares in the last quarter. Finally, Ballentine Partners LLC increased its position in shares of Citizens Financial Group by 3.3% in the 4th quarter. Ballentine Partners LLC now owns 7,777 shares of the bank's stock worth $340,000 after purchasing an additional 247 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CFG has been the subject of several research analyst reports. Truist Financial lowered their price objective on Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Stephens dropped their price target on Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Barclays lowered their target price on shares of Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. DA Davidson lowered their target price on Citizens Financial Group from $53.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. reduced their price objective on 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. Eight 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $46.18.

Citizens Financial Group Price Performance

NYSE CFG traded up $0.94 on Thursday, reaching $37.43. 4,388,614 shares of the stock traded hands, compared to its average volume of 4,791,340. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $49.25. 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's fifty day simple moving average is $40.25 and its 200 day simple moving average is $43.49. The company has a market cap of $16.36 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 0.81 and a beta of 0.81.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. As a group, research analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

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 given a dividend of $0.42 per share. The ex-dividend date is Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.49%. Citizens Financial Group's dividend payout ratio (DPR) is presently 53.33%.

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.