Citizens Financial Group, Inc. (NYSE:CFG) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,160,954 shares of the bank's stock after purchasing an additional 257,410 shares during the period. Hsbc Holdings PLC owned about 0.72% of Citizens Financial Group worth $138,351,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CFG. Capital World Investors raised its stake in shares of Citizens Financial Group by 3.3% in the 4th quarter. Capital World Investors now owns 35,900,115 shares of the bank's stock valued at $1,570,989,000 after purchasing an additional 1,131,838 shares in the last quarter. Geode Capital Management LLC raised its stake in Citizens Financial Group by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank's stock valued at $477,043,000 after buying an additional 124,860 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Citizens Financial Group by 27.8% during the 4th quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock worth $462,547,000 after buying an additional 2,298,040 shares during the last quarter. Norges Bank acquired a new position in shares of Citizens Financial Group in the 4th quarter worth approximately $243,431,000. Finally, Nordea Investment Management AB increased its holdings in shares of Citizens Financial Group by 19.3% in the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank's stock valued at $217,781,000 after acquiring an additional 805,758 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $35.82 on Wednesday. The firm has a market capitalization of $15.66 billion, a P/E ratio of 11.82, a PEG ratio of 0.81 and a beta of 0.81. The business has a 50-day moving average of $40.45 and a 200-day moving average of $43.53. 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 $32.60 and a 1 year high of $49.25.

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

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.69%. Citizens Financial Group's dividend payout ratio (DPR) is currently 53.33%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CFG shares. Royal Bank of Canada cut their target price on shares of Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Morgan Stanley cut their price target on Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating on the stock in a 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. Barclays lowered their price objective on 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. Stephens dropped their target price 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. Finally, Piper Sandler reduced their price target on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $45.82.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.