Natixis Advisors LLC Increases Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Natixis Advisors LLC boosted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 691,795 shares of the bank's stock after purchasing an additional 40,160 shares during the quarter. Natixis Advisors LLC owned about 0.16% of Citizens Financial Group worth $30,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in CFG. OneDigital Investment Advisors LLC purchased a new stake in Citizens Financial Group in the third quarter valued at about $232,000. CIBC Asset Management Inc raised its stake in Citizens Financial Group by 6.9% in the third quarter. CIBC Asset Management Inc now owns 66,839 shares of the bank's stock valued at $2,745,000 after buying an additional 4,330 shares during the last quarter. Empirical Finance LLC raised its stake in Citizens Financial Group by 2.1% in the third quarter. Empirical Finance LLC now owns 16,076 shares of the bank's stock valued at $660,000 after buying an additional 330 shares during the last quarter. Empowered Funds LLC raised its stake in Citizens Financial Group by 8.4% in the third quarter. Empowered Funds LLC now owns 7,487 shares of the bank's stock valued at $307,000 after buying an additional 579 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its stake in Citizens Financial Group by 729.5% in the third quarter. Mizuho Securities USA LLC now owns 291,030 shares of the bank's stock valued at $11,953,000 after buying an additional 255,945 shares during the last quarter. Institutional investors own 94.90% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CFG shares. Keefe, Bruyette & Woods raised their price objective on Citizens Financial Group from $53.00 to $56.00 and gave the stock a "market perform" rating in a research note on Tuesday, January 21st. Stephens restated an "overweight" rating and issued a $53.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Citigroup raised their price objective 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. Piper Sandler raised their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Finally, Barclays raised their target price on Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.22.

Citizens Financial Group Price Performance

Shares of NYSE:CFG traded down $0.40 during trading on Thursday, reaching $40.97. The stock had a trading volume of 4,063,800 shares, compared to its average volume of 4,483,768. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The business has a fifty day moving average price of $45.24 and a 200-day moving average price of $44.13. The stock has a market cap of $17.91 billion, a PE ratio of 13.52, a PEG ratio of 0.81 and a beta of 1.06. Citizens Financial Group, Inc. has a 1-year low of $32.06 and a 1-year high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $1.96 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The business's revenue was down .1% on a year-over-year basis. On average, equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 4.10%. Citizens Financial Group's payout ratio is 55.45%.

Citizens Financial Group 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.