Citizens Financial Group, Inc. (NYSE:CFG) Holdings Raised by PGGM Investments

PGGM Investments boosted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 71.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,655 shares of the bank's stock after purchasing an additional 56,330 shares during the quarter. PGGM Investments' holdings in Citizens Financial Group were worth $5,936,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CFG. Ameliora Wealth Management Ltd. acquired a new stake in shares of Citizens Financial Group during the 4th quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Citizens Financial Group during the 4th quarter valued at approximately $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of Citizens Financial Group during the 3rd quarter valued at approximately $27,000. Sierra Ocean LLC acquired a new stake in shares of Citizens Financial Group during the 4th quarter valued at approximately $47,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Citizens Financial Group during the 3rd quarter valued at approximately $48,000. Institutional investors and hedge funds own 94.90% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Compass Point upped their price target on Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Morgan Stanley dropped their price target on Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Truist Financial upped their price target on Citizens Financial Group from $49.00 to $54.00 and gave the company a "hold" rating in a research report on Tuesday, January 21st. The Goldman Sachs Group upped their price objective 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. Finally, Barclays upped their price objective on 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. 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. Based on data from MarketBeat.com, Citizens Financial Group currently has an average rating of "Moderate Buy" and an average price target of $49.22.

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Citizens Financial Group Price Performance

CFG stock traded up $0.10 during trading hours on Tuesday, hitting $40.96. 4,117,200 shares of the stock traded hands, compared to its average volume of 4,159,196. The stock has a 50-day simple moving average of $45.38 and a 200 day simple moving average of $44.17. Citizens Financial Group, Inc. has a one year low of $32.06 and a one year high of $49.25. The company has a market cap of $17.90 billion, a P/E ratio of 13.52, a P/E/G ratio of 0.81 and a beta of 1.06. 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 (NYSE:CFG - Get Free Report) last announced 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. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same quarter last year, the business posted $0.85 earnings per share. The company's quarterly revenue was down .1% on a year-over-year basis. Equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 4.10%. 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.