Capital International Inc. CA Purchases 74,555 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Capital International Inc. CA grew its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 42.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 249,926 shares of the bank's stock after buying an additional 74,555 shares during the period. Capital International Inc. CA owned approximately 0.06% of Citizens Financial Group worth $10,937,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital World Investors increased its holdings in Citizens Financial Group by 3.3% in the 4th quarter. Capital World Investors now owns 35,900,115 shares of the bank's stock worth $1,570,989,000 after buying an additional 1,131,838 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Citizens Financial Group by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,689,082 shares of the bank's stock worth $205,194,000 after acquiring an additional 96,067 shares during the period. First Trust Advisors LP raised its holdings in shares of Citizens Financial Group by 16.6% during the fourth quarter. First Trust Advisors LP now owns 3,299,529 shares of the bank's stock valued at $144,387,000 after purchasing an additional 469,629 shares during the last quarter. Forum Financial Management LP bought a new position in Citizens Financial Group during the fourth quarter valued at approximately $531,000. Finally, Commerce Bank boosted its holdings in Citizens Financial Group by 2.8% in the fourth quarter. Commerce Bank now owns 13,545 shares of the bank's stock worth $593,000 after purchasing an additional 368 shares during the last quarter. Institutional investors own 94.90% of the company's stock.

Citizens Financial Group Price Performance

Shares of NYSE:CFG traded down $0.45 during trading on Friday, hitting $36.99. 1,110,348 shares of the company's stock were exchanged, compared to its average volume of 4,779,339. The business's 50-day simple moving average is $40.07 and its 200 day simple moving average is $43.46. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week high of $49.25. The company has a market cap of $16.17 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 0.81 and a beta of 0.81.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. The company had revenue of $1.94 billion during 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, equities analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently announced 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. This represents a $1.68 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Wednesday, April 30th. Citizens Financial Group's dividend payout ratio is currently 53.33%.

Analyst Upgrades and Downgrades

CFG has been the topic of several research analyst reports. Truist Financial lowered their price target on Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. The Goldman Sachs Group cut their price target on Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Raymond James reaffirmed a "strong-buy" rating and set a $48.00 price target (down previously from $58.00) on shares of Citizens Financial Group in a research report on Thursday, April 17th. Piper Sandler dropped their price objective on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. reduced 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 report on Thursday, April 3rd. Eight equities research 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.com, the stock has an average rating of "Moderate Buy" and an average price target 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.