Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Kempner Capital Management Inc.

Kempner Capital Management Inc. lessened its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 27.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,079 shares of the bank's stock after selling 45,367 shares during the period. Citizens Financial Group comprises 2.8% of Kempner Capital Management Inc.'s holdings, making the stock its 16th biggest holding. Kempner Capital Management Inc.'s holdings in Citizens Financial Group were worth $5,167,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. My Legacy Advisors LLC grew its position in Citizens Financial Group by 1.0% in the fourth quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank's stock valued at $1,074,000 after acquiring an additional 229 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of Citizens Financial Group by 3.3% during the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank's stock worth $320,000 after purchasing an additional 233 shares during the last quarter. SeaCrest Wealth Management LLC grew its holdings in shares of Citizens Financial Group by 0.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank's stock worth $1,257,000 after purchasing an additional 246 shares during the last quarter. Ballentine Partners LLC grew its holdings in shares of Citizens Financial Group by 3.3% during the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank's stock worth $340,000 after purchasing an additional 247 shares during the last quarter. Finally, Commerce Bank grew its holdings in shares of Citizens Financial Group by 1.9% during the third quarter. Commerce Bank now owns 13,177 shares of the bank's stock worth $541,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 94.90% of the company's stock.

Analyst Upgrades and Downgrades

CFG has been the topic of several research reports. Piper Sandler boosted their price target on Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. DA Davidson lifted their price objective on Citizens Financial Group from $46.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Barclays lifted their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Citigroup lifted their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Finally, The Goldman Sachs Group boosted their price target on Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. 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 stock. Based on data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of "Moderate Buy" and an average target price of $49.00.

Citizens Financial Group Trading Up 1.5 %

Shares of Citizens Financial Group stock traded up $0.71 during trading on Tuesday, reaching $47.08. The company's stock had a trading volume of 1,646,140 shares, compared to its average volume of 3,841,719. Citizens Financial Group, Inc. has a 52-week low of $30.24 and a 52-week high of $49.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm's 50-day moving average is $45.80 and its two-hundred day moving average is $43.46. The company has a market cap of $20.75 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 0.83 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations 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 revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 earnings per share. On average, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Friday, January 31st. Citizens Financial Group's dividend payout ratio (DPR) is presently 55.45%.

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.