Prudential Financial Inc. Has $14.59 Million Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Prudential Financial Inc. decreased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 75.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 333,363 shares of the bank's stock after selling 1,030,337 shares during the period. Prudential Financial Inc. owned 0.08% of Citizens Financial Group worth $14,588,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Wellington Management Group LLP boosted its holdings in shares of Citizens Financial Group by 207.2% in the 3rd 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 last quarter. State Street Corp grew its stake in shares of Citizens Financial Group by 6.7% during the third quarter. State Street Corp now owns 25,826,368 shares of the bank's stock valued at $1,060,689,000 after acquiring an additional 1,615,144 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Citizens Financial Group during the 4th quarter worth approximately $56,483,000. Bank of New York Mellon Corp raised its holdings in 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 acquiring an additional 839,041 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Citizens Financial Group by 124.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,511,148 shares of the bank's stock valued at $62,063,000 after purchasing an additional 838,917 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

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Citizens Financial Group Stock Up 1.2 %

Shares of CFG stock traded up $0.48 on Monday, hitting $40.73. The company's stock had a trading volume of 1,680,598 shares, compared to its average volume of 4,718,510. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $17.80 billion, a price-to-earnings ratio of 13.44, a P/E/G ratio of 0.81 and a beta of 1.06. The firm's fifty day moving average price is $44.66 and its 200-day moving average price is $44.16. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted 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 business had revenue of $1.99 billion for 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%. Citizens Financial Group's revenue was down .1% compared to the same quarter last year. During the same period last year, the business posted $0.85 EPS. Research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently announced 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. This represents a $1.68 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's dividend payout ratio (DPR) is currently 55.45%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CFG shares. Citigroup reduced their price objective on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Piper Sandler boosted their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 3rd. Stephens reissued an "overweight" rating and set a $53.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Truist Financial lowered their price target on Citizens Financial Group from $54.00 to $51.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Finally, Compass Point boosted their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $48.67.

About Citizens Financial Group

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.