Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Richard Bernstein Advisors LLC

Richard Bernstein Advisors LLC decreased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 21.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 82,758 shares of the bank's stock after selling 23,160 shares during the period. Richard Bernstein Advisors LLC's holdings in Citizens Financial Group were worth $3,621,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its position in Citizens Financial Group by 31.0% during the 4th quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank's stock valued at $155,051,000 after purchasing an additional 839,041 shares during the period. IFP Advisors Inc increased its position in Citizens Financial Group by 38.3% during the 4th quarter. IFP Advisors Inc now owns 7,975 shares of the bank's stock valued at $349,000 after purchasing an additional 2,210 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Citizens Financial Group by 105.7% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 95,184 shares of the bank's stock valued at $4,165,000 after purchasing an additional 48,900 shares during the period. Delta Financial Group Inc. purchased a new position in Citizens Financial Group during the 4th quarter valued at about $258,000. Finally, Howard Capital Management Inc. bought a new stake in shares of Citizens Financial Group in the 4th quarter valued at about $426,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Citizens Financial Group Stock Performance

Shares of CFG stock traded up $0.58 during trading hours on Friday, hitting $45.75. The company's stock had a trading volume of 3,821,752 shares, compared to its average volume of 3,716,601. The company has a 50 day moving average of $45.90 and a 200 day moving average of $44.13. The stock has a market cap of $20.00 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10. 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 $30.54 and a 12-month high of $49.25.

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 the consensus estimate 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 net margin of 12.21% and a return on equity of 6.75%. The business's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. On average, sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's dividend payout ratio (DPR) is currently 55.45%.

Analyst Ratings Changes

A number of research firms have recently weighed in on CFG. Keefe, Bruyette & Woods raised their price target on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a "market perform" rating in a report on Tuesday, January 21st. Raymond James restated 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. Piper Sandler raised their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an "overweight" rating in a report on Tuesday, December 3rd. Barclays raised their price target on shares of 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, The Goldman Sachs Group raised their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $49.00.

Citizens Financial Group Company 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.