Citizens Financial Group, Inc. (NYSE:CFG) Holdings Increased by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 43.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,768 shares of the bank's stock after acquiring an additional 12,698 shares during the period. Mizuho Securities USA LLC's holdings in Citizens Financial Group were worth $1,828,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC grew its position in Citizens Financial Group by 8.4% during the third quarter. Empowered Funds LLC now owns 7,487 shares of the bank's stock worth $307,000 after buying an additional 579 shares during the period. Prospera Financial Services Inc purchased a new position in shares of Citizens Financial Group in the third quarter valued at $227,000. Commerce Bank grew its position in shares of Citizens Financial Group by 1.9% in the third quarter. Commerce Bank now owns 13,177 shares of the bank's stock valued at $541,000 after purchasing an additional 250 shares during the last quarter. Moors & Cabot Inc. purchased a new stake in Citizens Financial Group in the 3rd quarter valued at approximately $213,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Citizens Financial Group by 97.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 158,222 shares of the bank's stock valued at $6,498,000 after buying an additional 78,245 shares during the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CFG has been the topic of several recent research reports. Raymond James restated a "strong-buy" rating and issued a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods boosted their price objective on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a "market perform" rating in a research report on Tuesday, January 21st. Citigroup decreased their price objective on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a report on Monday. Compass Point upped their target price on Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Finally, Truist Financial decreased their price target on Citizens Financial Group from $54.00 to $51.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $48.67.

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Citizens Financial Group Stock Down 0.8 %

Shares of CFG traded down $0.33 during midday trading on Thursday, hitting $41.66. The company had a trading volume of 672,243 shares, compared to its average volume of 4,500,495. 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 company's 50 day moving average price is $44.91 and its 200 day moving average price is $44.13. Citizens Financial Group, Inc. has a 52 week low of $32.06 and a 52 week high of $49.25. The stock has a market cap of $18.21 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced 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 return on equity of 6.75% and a net margin of 12.21%. The firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.96 billion. During the same period last year, the business posted $0.85 earnings per share. The firm's revenue for the quarter was down .1% on a year-over-year basis. On average, equities research analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 4.03%. Citizens Financial Group's payout ratio is currently 55.45%.

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.