Citizens Financial Group, Inc. (NYSE:CFG) Position Reduced by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 44.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,759 shares of the bank's stock after selling 18,960 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Citizens Financial Group were worth $1,040,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. State Street Corp lifted its position in shares of Citizens Financial Group by 6.7% during the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank's stock valued at $1,060,689,000 after acquiring an additional 1,615,144 shares during the period. Wellington Management Group LLP raised its holdings in Citizens Financial Group by 207.2% during the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank's stock worth $339,733,000 after purchasing an additional 5,579,313 shares during the last quarter. Nordea Investment Management AB boosted its position in Citizens Financial Group by 19.3% during the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank's stock worth $217,781,000 after purchasing an additional 805,758 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Citizens Financial Group by 11.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,144,635 shares of the bank's stock valued at $129,150,000 after purchasing an additional 334,386 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Citizens Financial Group by 51.1% in the third quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank's stock valued at $107,897,000 after buying an additional 894,322 shares in the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group Trading Up 0.2 %

Shares of NYSE CFG traded up $0.10 during midday trading on Friday, hitting $47.44. The stock had a trading volume of 2,317,641 shares, compared to its average volume of 3,141,728. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a 1-year low of $30.24 and a 1-year high of $49.25. The company has a market capitalization of $20.91 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 0.82 and a beta of 1.10. The company has a fifty day moving average price of $45.74 and a 200 day moving average price of $43.02.

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, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1,962,330 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. Citizens Financial Group's revenue for the quarter was down .1% on a year-over-year basis. On average, analysts predict that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.54%. The ex-dividend date is Friday, January 31st. Citizens Financial Group's dividend payout ratio (DPR) is presently 55.45%.

Analyst Ratings Changes

A number of equities research analysts recently commented on CFG shares. Citigroup increased their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Barclays increased 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 research report on Monday, January 6th. The Goldman Sachs Group lifted their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. DA Davidson increased their target price on Citizens Financial Group from $46.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, October 17th. Finally, 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. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.