Fmr LLC Has $164.33 Million Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

FMR LLC decreased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 49.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,001,206 shares of the bank's stock after selling 3,907,184 shares during the period. FMR LLC owned 0.91% of Citizens Financial Group worth $164,330,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CFG. AQR Capital Management LLC grew its stake in Citizens Financial Group by 61.4% during the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank's stock worth $155,909,000 after buying an additional 1,682,886 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Citizens Financial Group by 3,234.6% in the second quarter. Assenagon Asset Management S.A. now owns 1,100,988 shares of the bank's stock valued at $39,669,000 after purchasing an additional 1,067,971 shares during the period. Bank of Montreal Can boosted its stake 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 purchasing an additional 894,322 shares during the period. National Bank of Canada FI boosted its stake in shares of Citizens Financial Group by 680.1% in the second quarter. National Bank of Canada FI now owns 803,919 shares of the bank's stock valued at $28,804,000 after purchasing an additional 700,860 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Citizens Financial Group by 15.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank's stock valued at $159,550,000 after purchasing an additional 587,115 shares during the period. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Price Performance

Shares of CFG traded down $0.20 during mid-day trading on Wednesday, hitting $46.60. The company's stock had a trading volume of 2,761,246 shares, compared to its average volume of 5,200,572. The firm has a 50-day moving average price of $43.91 and a 200 day moving average price of $40.45. The stock has a market capitalization of $20.54 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.79 and a beta of 1.08. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. Citizens Financial Group, Inc. has a fifty-two week low of $28.19 and a fifty-two week high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the firm posted $0.85 earnings per share. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. On average, research analysts predict that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group's dividend payout ratio (DPR) is presently 66.14%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of Citizens Financial Group from $46.00 to $53.00 and gave the company a "market perform" rating in a research note on Wednesday. Royal Bank of Canada upped their target price on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Evercore ISI decreased their price objective on shares of Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating for the company in a report on Wednesday, October 2nd. Barclays raised their price objective on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Finally, Piper Sandler raised their price objective on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $46.27.

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.