Aviva PLC Sells 67,400 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Aviva PLC lessened its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 19.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 271,442 shares of the bank's stock after selling 67,400 shares during the period. Aviva PLC owned about 0.06% of Citizens Financial Group worth $11,878,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in Citizens Financial Group during the fourth quarter valued at about $243,431,000. Wellington Management Group LLP grew its stake in shares of Citizens Financial Group by 27.8% during the 4th quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock valued at $462,547,000 after acquiring an additional 2,298,040 shares during the period. Raymond James Financial Inc. bought a new position in shares of Citizens Financial Group during the 4th quarter valued at approximately $56,483,000. Bank of New York Mellon Corp increased its holdings in Citizens Financial Group by 31.0% in the 4th quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank's stock worth $155,051,000 after acquiring an additional 839,041 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in 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 acquiring an additional 805,758 shares during the period. Hedge funds and other institutional investors own 94.90% of the company's stock.

Analyst Upgrades and Downgrades

CFG has been the topic of several recent analyst reports. Morgan Stanley decreased their price objective on shares of Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. JPMorgan Chase & Co. lowered their price objective on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Citigroup cut their target price on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Barclays upped their price target on Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Finally, Raymond James reiterated a "strong-buy" rating and set a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $49.06.

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Citizens Financial Group Trading Down 0.0 %

NYSE:CFG traded down $0.01 during midday trading on Friday, hitting $34.78. 6,848,123 shares of the company traded hands, compared to its average volume of 4,768,760. The firm has a market capitalization of $15.20 billion, a P/E ratio of 11.48, a P/E/G ratio of 0.81 and a beta of 0.81. The firm's fifty day moving average is $42.10 and its 200-day moving average is $43.78. Citizens Financial Group, Inc. has a 12-month low of $32.06 and a 12-month high of $49.25. 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 (NYSE:CFG - Get Free Report) last announced 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. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The business's revenue for the quarter was down .1% on a year-over-year basis. On average, sell-side analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 4.83%. Citizens Financial Group's dividend payout ratio (DPR) is presently 55.45%.

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.