River Global Investors LLP Has $1.58 Million Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

River Global Investors LLP trimmed its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 47.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,091 shares of the bank's stock after selling 32,852 shares during the period. River Global Investors LLP's holdings in Citizens Financial Group were worth $1,580,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Costello Asset Management INC acquired a new stake in Citizens Financial Group during the third quarter worth about $25,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Citizens Financial Group during the fourth quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Citizens Financial Group during the fourth quarter valued at approximately $28,000. Ashton Thomas Securities LLC acquired a new position in shares of Citizens Financial Group in the third quarter valued at $27,000. Finally, Catalyst Capital Advisors LLC bought a new position in Citizens Financial Group in the third quarter worth $28,000. Institutional investors own 94.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a "market perform" rating in a report on Tuesday, January 21st. Barclays increased their price target on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Citigroup lifted their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Piper Sandler increased their target price on Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. Finally, Compass Point raised their target price on Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Nine 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.00.

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Citizens Financial Group Price Performance

NYSE CFG traded up $0.53 on Wednesday, hitting $40.44. 5,917,219 shares of the company were exchanged, compared to its average volume of 4,127,841. Citizens Financial Group, Inc. has a 1-year low of $32.06 and a 1-year high of $49.25. The firm has a 50 day moving average of $45.68 and a two-hundred day moving average of $44.23. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a market cap of $17.68 billion, a P/E ratio of 13.35, a P/E/G ratio of 0.81 and a beta of 1.06.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.02. The company 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 quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 earnings per share. On average, equities analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 4.15%. Citizens Financial Group's dividend payout ratio (DPR) is currently 55.45%.

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.