Schroder Investment Management Group Acquires 45,093 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Schroder Investment Management Group increased its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 591,620 shares of the bank's stock after purchasing an additional 45,093 shares during the quarter. Schroder Investment Management Group owned approximately 0.13% of Citizens Financial Group worth $25,771,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CFG. CHURCHILL MANAGEMENT Corp bought a new position in shares of Citizens Financial Group during the 4th quarter worth about $8,134,000. BTC Capital Management Inc. boosted its holdings in Citizens Financial Group by 19.8% during the fourth quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank's stock valued at $1,882,000 after purchasing an additional 7,119 shares in the last quarter. Patton Fund Management Inc. bought a new stake in shares of Citizens Financial Group in the 4th quarter valued at approximately $6,694,000. AEGON ASSET MANAGEMENT UK Plc raised its holdings in shares of Citizens Financial Group by 46.8% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank's stock worth $50,430,000 after buying an additional 367,439 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Citizens Financial Group by 19.3% during the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank's stock worth $217,781,000 after buying an additional 805,758 shares during the period. Institutional investors and hedge funds own 94.90% of the company's stock.

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Citizens Financial Group Trading Up 1.4 %

CFG traded up $0.49 during trading on Monday, reaching $34.76. 7,997,252 shares of the company's stock were exchanged, compared to its average volume of 4,726,113. The company's fifty day moving average price is $43.52 and its 200-day moving average price is $44.05. The firm has a market capitalization of $15.20 billion, a PE ratio of 11.47, a P/E/G ratio of 0.81 and a beta of 0.81. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share. As a group, equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's payout ratio is 55.45%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CFG shares. Keefe, Bruyette & Woods increased their price objective on Citizens Financial Group from $53.00 to $56.00 and gave the stock a "market perform" rating in a research note on Tuesday, January 21st. Truist Financial dropped their target price on shares of Citizens Financial Group from $54.00 to $51.00 and set a "hold" rating for the company in a research report on Friday, March 21st. JPMorgan Chase & Co. reduced their price target on shares of Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday. Raymond James reaffirmed a "strong-buy" rating and set a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Finally, Morgan Stanley reduced their target price on Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Citizens Financial Group has a consensus rating of "Moderate Buy" and an average target price of $49.06.

Citizens Financial Group 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.