Candriam S.C.A. Has $3.24 Million Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Candriam S.C.A. lifted its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 34.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,925 shares of the bank's stock after purchasing an additional 19,077 shares during the period. Candriam S.C.A.'s holdings in Citizens Financial Group were worth $3,235,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Van ECK Associates Corp raised its position in shares of Citizens Financial Group by 6.0% during the third quarter. Van ECK Associates Corp now owns 6,330 shares of the bank's stock worth $262,000 after acquiring an additional 361 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Citizens Financial Group during the 3rd quarter valued at about $292,000. Graypoint LLC boosted its stake in shares of Citizens Financial Group by 11.8% in the 3rd quarter. Graypoint LLC now owns 8,242 shares of the bank's stock valued at $338,000 after purchasing an additional 873 shares during the last quarter. Verdence Capital Advisors LLC grew its position in shares of Citizens Financial Group by 21.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 13,140 shares of the bank's stock worth $540,000 after buying an additional 2,280 shares during the period. Finally, Costello Asset Management INC acquired a new stake in shares of Citizens Financial Group during the 3rd quarter worth approximately $25,000. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Stock Up 1.3 %

Shares of NYSE:CFG traded up $0.53 during trading on Wednesday, hitting $40.44. 5,913,525 shares of the company were exchanged, compared to its average volume of 4,095,776. The stock has a market cap of $17.68 billion, a price-to-earnings ratio of 13.35, 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 fifty-two week low of $32.06 and a fifty-two week high of $49.25. The firm has a fifty day moving average price of $45.68 and a two-hundred day moving average price of $44.23.

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Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The company's quarterly revenue was down .1% compared to the same quarter last year. As a group, research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 annualized dividend and a yield of 4.15%. Citizens Financial Group's dividend payout ratio is 55.45%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CFG shares. The Goldman Sachs Group raised their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Piper Sandler lifted their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Barclays raised their target price on Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Keefe, Bruyette & Woods increased their target price on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a "market perform" rating in a report on Tuesday, January 21st. Finally, Truist Financial raised their price objective on Citizens Financial Group from $49.00 to $54.00 and gave the stock a "hold" rating in a research note on Tuesday, January 21st. Nine investment 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.00.

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.