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

Los Angeles Capital Management LLC reduced its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 73.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,953 shares of the bank's stock after selling 41,290 shares during the period. Los Angeles Capital Management LLC's holdings in Citizens Financial Group were worth $654,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in Citizens Financial Group by 31.0% in the 4th quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank's stock valued at $155,051,000 after purchasing an additional 839,041 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Citizens Financial Group by 38.3% during the fourth quarter. IFP Advisors Inc now owns 7,975 shares of the bank's stock worth $349,000 after buying an additional 2,210 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Citizens Financial Group by 105.7% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 95,184 shares of the bank's stock valued at $4,165,000 after acquiring an additional 48,900 shares in the last quarter. Delta Financial Group Inc. purchased a new position in Citizens Financial Group in the fourth quarter worth approximately $258,000. Finally, Howard Capital Management Inc. acquired a new position in Citizens Financial Group during the 4th quarter worth approximately $426,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Performance

NYSE:CFG traded down $0.73 during trading hours on Monday, reaching $45.04. 3,702,287 shares of the company's stock were exchanged, compared to its average volume of 3,716,242. Citizens Financial Group, Inc. has a 1-year low of $31.70 and a 1-year 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 has a market capitalization of $19.69 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 0.81 and a beta of 1.10. The company has a 50-day moving average of $45.90 and a 200 day moving average of $44.19.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Friday, January 31st. Citizens Financial Group's payout ratio is currently 55.45%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Piper Sandler raised their price target on Citizens Financial Group from $48.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday, December 3rd. Stephens reaffirmed an "overweight" rating and set a $53.00 price objective on shares of Citizens Financial Group in a research report on Wednesday, January 29th. The Goldman Sachs Group increased their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, Citigroup boosted their target price 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. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $49.00.

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.