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

Invesco Ltd. lowered its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,195,533 shares of the bank's stock after selling 873,828 shares during the quarter. Invesco Ltd. owned about 5.49% of Citizens Financial Group worth $1,058,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new position in Citizens Financial Group during the 3rd quarter valued at about $204,000. State Street Corp increased its holdings in shares of Citizens Financial Group by 6.7% during 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 in the last quarter. Worldquant Millennium Advisors LLC purchased a new position in shares of Citizens Financial Group in the 3rd quarter valued at approximately $5,277,000. Wellington Management Group LLP grew its position in Citizens Financial Group by 207.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank's stock worth $339,733,000 after purchasing an additional 5,579,313 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its stake in Citizens Financial Group by 64.3% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 97,134 shares of the bank's stock valued at $3,989,000 after purchasing an additional 38,030 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

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Citizens Financial Group Stock Down 0.0 %

Shares of CFG stock traded down $0.01 during trading on Friday, reaching $34.78. The company's stock had a trading volume of 6,848,123 shares, compared to its average volume of 4,768,760. Citizens Financial Group, Inc. has a 1-year low of $32.06 and a 1-year high of $49.25. The stock's 50-day moving average price is $42.10 and its 200 day moving average price is $43.78. The company has a market capitalization of $15.20 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 0.81 and a beta of 0.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85.

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

Citizens Financial Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Citigroup dropped their price objective on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a report on Monday, March 24th. JPMorgan Chase & Co. cut their price objective on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Keefe, Bruyette & Woods upped their target price on Citizens Financial Group from $53.00 to $56.00 and gave the company a "market perform" rating in a research report on Tuesday, January 21st. Barclays boosted their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Finally, Raymond James reissued a "strong-buy" rating and issued a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Nine equities research 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. According to data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.06.

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.