Rhumbline Advisers Decreases Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Rhumbline Advisers trimmed its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,055,994 shares of the bank's stock after selling 11,210 shares during the quarter. Rhumbline Advisers owned approximately 0.24% of Citizens Financial Group worth $46,210,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp acquired a new stake in Citizens Financial Group in the 4th quarter valued at $8,134,000. BTC Capital Management Inc. grew its stake in Citizens Financial Group by 19.8% in the 4th quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank's stock valued at $1,882,000 after acquiring an additional 7,119 shares during the period. AEGON ASSET MANAGEMENT UK Plc grew its stake in Citizens Financial Group by 46.8% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank's stock valued at $50,430,000 after acquiring an additional 367,439 shares during the period. Patton Fund Management Inc. acquired a new stake in Citizens Financial Group in the 4th quarter valued at $6,694,000. Finally, Versor Investments LP acquired a new stake in Citizens Financial Group in the 3rd quarter valued at $1,910,000. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Stock Performance

Shares of CFG stock traded down $1.32 during trading hours on Friday, hitting $44.87. The stock had a trading volume of 2,873,771 shares, compared to its average volume of 3,767,096. The firm has a market capitalization of $19.61 billion, a PE ratio of 14.81, a PEG ratio of 0.83 and a beta of 1.10. Citizens Financial Group, Inc. has a twelve month low of $30.30 and a twelve month high of $49.25. The stock's 50 day moving average is $45.80 and its 200 day moving average is $43.89. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $1.96 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The company's revenue was down .1% compared to the same quarter last year. As a group, research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's dividend payout ratio (DPR) is presently 55.45%.

Analyst Ratings Changes

A number of research firms recently issued reports on CFG. Truist Financial lifted their price target on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a "hold" rating in a research note on Tuesday, January 21st. The Goldman Sachs Group lifted their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Citigroup boosted their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Compass Point boosted their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Finally, 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 research report on Tuesday, January 21st. 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $49.00.

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.