National Pension Service Sells 92,395 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

National Pension Service cut its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 782,219 shares of the bank's stock after selling 92,395 shares during the quarter. National Pension Service owned approximately 0.18% of Citizens Financial Group worth $34,230,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CFG. Costello Asset Management INC purchased a new stake in shares of Citizens Financial Group during the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new position in Citizens Financial Group in the 3rd quarter valued at $27,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Citizens Financial Group during the 3rd quarter valued at $28,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Citizens Financial Group during the 4th quarter worth $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Citizens Financial Group in the 4th quarter worth about $28,000. Institutional investors own 94.90% of the company's stock.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock traded down $0.75 during trading on Tuesday, hitting $44.30. The stock had a trading volume of 4,936,255 shares, compared to its average volume of 3,742,800. 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 12 month low of $31.70 and a 12 month high of $49.25. The firm has a market cap of $19.36 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 0.81 and a beta of 1.06. The business's 50-day moving average is $45.93 and its 200 day moving average is $44.22.

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, topping analysts' consensus estimates of $0.83 by $0.02. The business 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. As a group, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's dividend payout ratio is currently 55.45%.

Analysts Set New Price Targets

A number of research firms recently issued reports on CFG. Compass Point raised their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. The Goldman Sachs Group raised their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Barclays upped their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. Truist Financial raised their target price on Citizens Financial Group from $49.00 to $54.00 and gave the stock a "hold" rating in a research report on Tuesday, January 21st. Finally, Citigroup upped their price target on Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, November 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, Citizens Financial Group currently has a consensus rating of "Moderate Buy" and an average 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.