Mesirow Institutional Investment Management Inc. Has $3.94 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Mesirow Institutional Investment Management Inc. increased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 55.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,123 shares of the bank's stock after buying an additional 32,327 shares during the quarter. Mesirow Institutional Investment Management Inc.'s holdings in Citizens Financial Group were worth $3,944,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Citizens Financial Group in the 4th quarter valued at $243,431,000. Wellington Management Group LLP grew its stake in Citizens Financial Group by 27.8% during the fourth 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. Raymond James Financial Inc. acquired a new stake in shares of Citizens Financial Group during the fourth quarter worth approximately $56,483,000. Capital World Investors increased its holdings in shares of Citizens Financial Group by 3.3% during the fourth 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. Finally, Bank of New York Mellon Corp raised its stake in shares of Citizens Financial Group by 31.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank's stock valued at $155,051,000 after acquiring an additional 839,041 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Stock Up 2.0 %

Shares of NYSE:CFG traded up $0.71 during midday trading on Wednesday, hitting $36.53. The stock had a trading volume of 4,647,620 shares, compared to its average volume of 4,792,944. The company has a market cap of $15.97 billion, a P/E ratio of 12.06, a PEG ratio of 0.81 and a beta of 0.81. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $49.25. The business's 50-day simple moving average is $40.45 and its 200-day simple moving average is $43.53. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

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

Citizens Financial Group Dividend Announcement

The firm 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 $0.42 dividend. 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 4.60%. Citizens Financial Group's payout ratio is 53.33%.

Wall Street Analyst Weigh In

CFG has been the subject of several research analyst reports. Piper Sandler cut their price objective on Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. lowered their price objective on shares of 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. Morgan Stanley reduced their target price on shares of Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating on the stock in a research 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. Truist Financial decreased their price objective on Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Finally, Barclays lowered their price target on shares of Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.