MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $2.56 Million Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH trimmed its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 28.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,262 shares of the bank's stock after selling 24,273 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Citizens Financial Group were worth $2,557,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CFG. Quarry LP lifted its position in shares of Citizens Financial Group by 183.1% in the 4th quarter. Quarry LP now owns 1,104 shares of the bank's stock worth $37,000 after buying an additional 714 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Citizens Financial Group by 20.4% during the fourth quarter. V Square Quantitative Management LLC now owns 12,994 shares of the bank's stock valued at $431,000 after purchasing an additional 2,198 shares during the last quarter. Richardson Financial Services Inc. acquired a new stake in shares of Citizens Financial Group during the 4th quarter worth approximately $194,000. SageView Advisory Group LLC lifted its holdings in shares of Citizens Financial Group by 25.8% in the 4th quarter. SageView Advisory Group LLC now owns 22,286 shares of the bank's stock worth $765,000 after purchasing an additional 4,566 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Citizens Financial Group during the 4th quarter valued at approximately $5,965,000. 94.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CFG has been the subject of a number of analyst reports. Morgan Stanley boosted their target price on shares of Citizens Financial Group from $41.00 to $50.00 and gave the company an "equal weight" rating in a research note on Monday, August 5th. Stephens increased their price target on Citizens Financial Group from $40.00 to $42.00 and gave the stock an "overweight" rating in a research note on Friday, July 19th. Piper Sandler upped their price target on shares of Citizens Financial Group from $45.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods lifted their target price on Citizens Financial Group from $42.00 to $46.00 and gave the stock a "market perform" rating in a report on Monday, September 30th. Finally, DA Davidson increased their price objective on Citizens Financial Group from $41.00 to $46.00 and gave the company a "buy" rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Citizens Financial Group has a consensus rating of "Hold" and an average price target of $43.07.

Insiders Place Their Bets

In related news, insider Craig Jack Read sold 3,938 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total transaction of $170,357.88. Following the completion of the sale, the insider now directly owns 33,620 shares of the company's stock, valued at approximately $1,454,401.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.62% of the company's stock.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock traded up $0.66 during mid-day trading on Monday, reaching $43.27. 3,898,000 shares of the stock were exchanged, compared to its average volume of 5,348,862. The company has a market cap of $19.69 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07. Citizens Financial Group, Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $43.96. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.60. The firm has a 50-day simple moving average of $40.95 and a 200 day simple moving average of $37.84.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its earnings results on Wednesday, July 17th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.95 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. Citizens Financial Group's revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 earnings per share. On average, sell-side analysts predict that Citizens Financial Group, Inc. will post 3.22 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.42 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.68 annualized dividend and a yield of 3.88%. Citizens Financial Group's dividend payout ratio is presently 60.87%.

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.