Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Machina Capital S.A.S.

Machina Capital S.A.S. cut its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 75.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,594 shares of the bank's stock after selling 26,166 shares during the quarter. Machina Capital S.A.S.'s holdings in Citizens Financial Group were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CFG. Andra AP fonden boosted its holdings in Citizens Financial Group by 14.0% in the fourth quarter. Andra AP fonden now owns 359,000 shares of the bank's stock valued at $15,710,000 after acquiring an additional 44,100 shares during the last quarter. Callan Family Office LLC purchased a new stake in shares of Citizens Financial Group during the 4th quarter worth about $200,000. Candriam S.C.A. increased its position in Citizens Financial Group by 34.8% during the 4th quarter. Candriam S.C.A. now owns 73,925 shares of the bank's stock worth $3,235,000 after purchasing an additional 19,077 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Citizens Financial Group in the fourth quarter valued at approximately $56,483,000. Finally, Verdence Capital Advisors LLC grew its stake in Citizens Financial Group by 25.3% during the fourth quarter. Verdence Capital Advisors LLC now owns 16,459 shares of the bank's stock worth $720,000 after buying an additional 3,319 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Piper Sandler upped their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 3rd. Barclays increased their target price on Citizens Financial Group from $47.00 to $52.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods boosted their price target on Citizens Financial Group from $53.00 to $56.00 and gave the stock a "market perform" rating in a research report on Tuesday, January 21st. Truist Financial increased their price objective on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a "hold" rating in a research report on Tuesday, January 21st. Finally, Stephens reissued an "overweight" rating and set a $53.00 target price on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $49.00.

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Citizens Financial Group Stock Performance

NYSE CFG traded up $0.53 during trading hours on Wednesday, hitting $40.44. The company had a trading volume of 5,917,218 shares, compared to its average volume of 4,127,841. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25. The firm has a market cap of $17.68 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. 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 business has a fifty day simple moving average of $45.68 and a 200-day simple moving average of $44.23.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results 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 during the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. Citizens Financial Group's revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. Equities analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.15%. The ex-dividend date was Friday, January 31st. Citizens Financial Group's payout ratio is currently 55.45%.

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.