Morningstar Investment Management LLC Cuts Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Morningstar Investment Management LLC decreased its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 75.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,735 shares of the bank's stock after selling 23,654 shares during the period. Morningstar Investment Management LLC's holdings in Citizens Financial Group were worth $338,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CFG. Costello Asset Management INC bought a new stake in shares of Citizens Financial Group in the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new stake in Citizens Financial Group in the third quarter worth about $27,000. Catalyst Capital Advisors LLC purchased a new position in shares of Citizens Financial Group during the third quarter valued at approximately $28,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Citizens Financial Group in the 4th quarter worth approximately $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Citizens Financial Group in the 4th quarter worth approximately $28,000. 94.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on CFG shares. Compass Point boosted their target price on Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. The Goldman Sachs Group boosted their price target on Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods increased their price objective on 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 raised their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, Piper Sandler lifted their target price 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. Nine research 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 stock. According to data from MarketBeat, Citizens Financial Group presently has an average rating of "Moderate Buy" and a consensus price target of $49.00.

Citizens Financial Group Trading Down 2.8 %

NYSE CFG traded down $1.32 during trading hours on Friday, hitting $44.87. 2,873,771 shares of the company were exchanged, compared to its average volume of 3,767,096. The stock has a market cap of $19.61 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 0.83 and a beta of 1.10. Citizens Financial Group, Inc. has a 52 week low of $30.30 and a 52 week high of $49.25. The stock has a 50-day moving average price of $45.80 and a 200 day moving average price of $43.89. 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 (NYSE:CFG - Get Free Report) last released its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. Analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently declared 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. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Friday, January 31st. Citizens Financial Group's dividend 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.