Citizens Financial Group, Inc. (NYSE:CFG) Shares Acquired by KBC Group NV

KBC Group NV boosted its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 894,642 shares of the bank's stock after buying an additional 15,143 shares during the quarter. KBC Group NV owned approximately 0.20% of Citizens Financial Group worth $39,149,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CFG. State Street Corp lifted its stake in Citizens Financial Group by 6.7% in the third quarter. State Street Corp now owns 25,826,368 shares of the bank's stock valued at $1,060,689,000 after acquiring an additional 1,615,144 shares during the last quarter. Wellington Management Group LLP lifted its stake in Citizens Financial Group by 207.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank's stock valued at $339,733,000 after purchasing an additional 5,579,313 shares during the last quarter. Nordea Investment Management AB grew its holdings in Citizens Financial Group by 19.3% during the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank's stock worth $217,781,000 after purchasing an additional 805,758 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Citizens Financial Group by 11.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,144,635 shares of the bank's stock worth $129,150,000 after buying an additional 334,386 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in Citizens Financial Group by 51.1% in the third quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank's stock valued at $107,897,000 after buying an additional 894,322 shares during the period. 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. DA Davidson lifted their target price on Citizens Financial Group from $46.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Royal Bank of Canada increased their price objective on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. Citigroup upped their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Piper Sandler lifted their target price on Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group upped their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $49.00.

Citizens Financial Group Stock Performance

Shares of CFG stock traded down $0.54 during trading hours on Friday, reaching $47.40. The company had a trading volume of 2,656,271 shares, compared to its average volume of 3,772,574. The firm has a market cap of $20.89 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 0.83 and a beta of 1.10. 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 fifty day moving average price of $45.85 and a 200-day moving average price of $43.31. Citizens Financial Group, Inc. has a one year low of $30.24 and a one year high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm's revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. Sell-side analysts predict that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.54%. Citizens Financial Group's dividend payout ratio is currently 55.45%.

Citizens Financial Group Company 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.