Sciencast Management LP Reduces Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Sciencast Management LP reduced its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,126 shares of the bank's stock after selling 6,451 shares during the quarter. Sciencast Management LP's holdings in Citizens Financial Group were worth $2,719,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. 1620 Investment Advisors Inc. lifted its position in shares of Citizens Financial Group by 3.2% during the fourth quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank's stock worth $338,000 after acquiring an additional 238 shares in the last quarter. Arvest Investments Inc. bought a new stake in shares of Citizens Financial Group during the 4th quarter valued at $1,779,000. Algebris UK Ltd lifted its holdings in Citizens Financial Group by 96.6% during the 4th quarter. Algebris UK Ltd now owns 499,665 shares of the bank's stock worth $21,118,000 after purchasing an additional 245,574 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in Citizens Financial Group by 91.6% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 14,405 shares of the bank's stock worth $631,000 after purchasing an additional 6,885 shares during the period. Finally, Intech Investment Management LLC grew its holdings in Citizens Financial Group by 801.9% during the 4th quarter. Intech Investment Management LLC now owns 102,445 shares of the bank's stock valued at $4,483,000 after buying an additional 91,086 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

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Citizens Financial Group Price Performance

Shares of CFG stock traded down $0.29 during trading hours on Wednesday, hitting $41.98. 3,087,028 shares of the company's stock were exchanged, compared to its average volume of 4,518,320. The company has a market capitalization of $18.35 billion, a PE ratio of 13.86, a PEG ratio of 0.81 and a beta of 1.06. 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 $32.06 and a 12-month high of $49.25. The business's 50 day simple moving average is $45.01 and its 200-day simple moving average is $44.14.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping 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 company had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.96 billion. During the same quarter last year, the company earned $0.85 EPS. The firm's revenue was down .1% compared to the same quarter last year. On average, equities research 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 issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.00%. The ex-dividend date was Friday, January 31st. Citizens Financial Group's dividend payout ratio is presently 55.45%.

Analysts Set New Price Targets

A number of research firms have recently commented on CFG. Compass Point raised their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Stephens reissued an "overweight" rating and issued a $53.00 price target on shares of Citizens Financial Group in a report on Wednesday, January 29th. Morgan Stanley reduced their price target on shares of Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Citigroup lowered their price objective on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Piper Sandler boosted their target price on Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 3rd. Nine equities research analysts have rated the stock with a hold rating, nine have issued 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 a consensus target price of $48.67.

Citizens Financial Group 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.