Russell Investments Group Ltd. Sells 43,631 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Russell Investments Group Ltd. cut its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,150,703 shares of the bank's stock after selling 43,631 shares during the period. Russell Investments Group Ltd. owned approximately 0.26% of Citizens Financial Group worth $50,348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CFG. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Citizens Financial Group during the 4th quarter worth approximately $8,134,000. BTC Capital Management Inc. grew its stake in shares of Citizens Financial Group by 19.8% in the fourth quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank's stock valued at $1,882,000 after acquiring an additional 7,119 shares in the last quarter. Patton Fund Management Inc. bought a new position in shares of Citizens Financial Group during the fourth quarter worth approximately $6,694,000. AEGON ASSET MANAGEMENT UK Plc raised its position in shares of Citizens Financial Group by 46.8% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank's stock valued at $50,430,000 after buying an additional 367,439 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Citizens Financial Group by 19.3% in the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank's stock valued at $217,781,000 after buying an additional 805,758 shares during the period. Institutional investors own 94.90% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Morgan Stanley reduced their target price on Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Keefe, Bruyette & Woods raised their target price 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 reaffirmed a "strong-buy" rating and set a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Truist Financial decreased their price objective on shares of Citizens Financial Group from $54.00 to $51.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Finally, 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 note on Monday, March 24th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Citizens Financial Group presently has a consensus rating of "Moderate Buy" and an average target price of $49.06.

Citizens Financial Group Trading Down 0.0 %

Shares of Citizens Financial Group stock traded down $0.01 during midday trading on Friday, reaching $34.78. The company had a trading volume of 6,848,123 shares, compared to its average volume of 4,768,760. The stock has a fifty day moving average price of $42.10 and a 200 day moving average price of $43.78. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25. The firm has a market cap of $15.20 billion, a PE 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 issued its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.96 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The business's quarterly revenue was down .1% compared to the same quarter last year. On average, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend was Friday, January 31st. 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.