National Bank of Canada FI Has $11.96 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

National Bank of Canada FI lowered its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 26.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 273,373 shares of the bank's stock after selling 99,055 shares during the period. National Bank of Canada FI owned approximately 0.06% of Citizens Financial Group worth $11,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its position in Citizens Financial Group by 207.2% in the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank's stock valued at $339,733,000 after purchasing an additional 5,579,313 shares during the period. Norges Bank purchased a new position in shares of Citizens Financial Group during the 4th quarter worth approximately $243,431,000. State Street Corp raised its position in Citizens Financial Group by 6.7% in the third quarter. State Street Corp now owns 25,826,368 shares of the bank's stock valued at $1,060,689,000 after purchasing an additional 1,615,144 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Citizens Financial Group during the fourth quarter worth $56,483,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Citizens Financial Group by 31.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank's stock valued at $155,051,000 after buying an additional 839,041 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Barclays boosted their price target on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Stephens restated an "overweight" rating and set a $53.00 price objective on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted 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. Raymond James reissued a "strong-buy" rating and set a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $49.06.

Citizens Financial Group Trading Down 8.3 %

Shares of Citizens Financial Group stock traded down $3.10 on Thursday, reaching $34.37. 1,842,969 shares of the company were exchanged, compared to its average volume of 4,544,435. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. 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 capitalization of $15.02 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81. The stock has a fifty day moving average price of $42.58 and a 200-day moving average price of $43.86.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued 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 company 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%. The company's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. On average, analysts expect 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 $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date was Friday, January 31st. Citizens Financial Group's payout ratio is 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.