Citizens Financial Group, Inc. (NYSE:CFG) Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 2,285.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,651 shares of the bank's stock after acquiring an additional 27,450 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Citizens Financial Group were worth $1,254,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Citizens Financial Group in the fourth quarter valued at $8,134,000. BTC Capital Management Inc. boosted its position 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 buying an additional 7,119 shares during the last quarter. Patton Fund Management Inc. acquired a new stake in shares of Citizens Financial Group during the fourth quarter valued at about $6,694,000. AEGON ASSET MANAGEMENT UK Plc increased its position in shares of Citizens Financial Group by 46.8% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank's stock worth $50,430,000 after acquiring an additional 367,439 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Citizens Financial Group by 19.3% in the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank's stock valued at $217,781,000 after purchasing an additional 805,758 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CFG shares. Truist Financial reduced their price objective on shares of Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Stephens decreased their target price on Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. JPMorgan Chase & Co. cut their price target on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. The Goldman Sachs Group lowered their price objective on Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Piper Sandler cut their target price on Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $46.18.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock traded up $0.21 on Tuesday, hitting $37.55. The company had a trading volume of 1,855,328 shares, compared to its average volume of 4,786,224. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $49.25. The company has a market cap of $16.42 billion, a PE ratio of 12.40, a PEG ratio of 0.81 and a beta of 0.81. The business has a 50-day simple moving average of $39.67 and a 200-day simple moving average of $43.42. 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 announced its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 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 $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. Research analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.47%. Citizens Financial Group's payout ratio is currently 53.33%.

Citizens Financial Group 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.