Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Amundi

Amundi trimmed its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 21.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,992,377 shares of the bank's stock after selling 3,921,931 shares during the quarter. Amundi owned about 3.18% of Citizens Financial Group worth $626,407,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CFG. US Bancorp DE lifted its holdings in Citizens Financial Group by 2.1% in the third quarter. US Bancorp DE now owns 32,324 shares of the bank's stock valued at $1,328,000 after acquiring an additional 654 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Citizens Financial Group by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 6,330 shares of the bank's stock valued at $262,000 after purchasing an additional 361 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of Citizens Financial Group during the 3rd quarter worth $292,000. QRG Capital Management Inc. increased its position in shares of Citizens Financial Group by 3.9% during the 3rd quarter. QRG Capital Management Inc. now owns 46,059 shares of the bank's stock worth $1,892,000 after purchasing an additional 1,734 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in Citizens Financial Group in the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Citizens Financial Group Stock Up 1.3 %

Shares of CFG stock traded up $0.53 on Wednesday, reaching $40.44. 5,917,259 shares of the stock were exchanged, compared to its average volume of 4,127,919. The company has a market capitalization of $17.68 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.81 and a beta of 1.06. The business's 50 day moving average price is $45.68 and its 200 day moving average price is $44.23. 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 twelve month low of $32.06 and a twelve month high of $49.25.

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Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.02. The business had revenue of $1.99 billion for 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 business's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 EPS. As a group, sell-side analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 4.15%. Citizens Financial Group's dividend payout ratio is presently 55.45%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CFG. Citigroup increased their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Truist Financial lifted their target price on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a "hold" rating in a report on Tuesday, January 21st. Piper Sandler boosted their target price on Citizens Financial Group from $48.00 to $53.00 and gave the company an "overweight" rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their price target on Citizens Financial Group from $53.00 to $56.00 and gave the stock a "market perform" rating in a research report on Tuesday, January 21st. Finally, Raymond James reiterated a "strong-buy" rating and issued a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Nine research 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 company. According to data from MarketBeat, the company 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.