Trexquant Investment LP Sells 492,249 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Trexquant Investment LP reduced its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 96.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,432 shares of the bank's stock after selling 492,249 shares during the quarter. Trexquant Investment LP's holdings in Citizens Financial Group were worth $807,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in Citizens Financial Group by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank's stock worth $477,043,000 after acquiring an additional 124,860 shares in the last quarter. Wellington Management Group LLP raised its position in Citizens Financial Group by 27.8% in the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock valued at $462,547,000 after purchasing an additional 2,298,040 shares during the last quarter. Norges Bank acquired a new stake in shares of Citizens Financial Group during the fourth quarter valued at about $243,431,000. Nordea Investment Management AB grew its holdings in shares of Citizens Financial Group by 19.3% during the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank's stock worth $217,781,000 after purchasing an additional 805,758 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of 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 buying an additional 839,041 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

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Citizens Financial Group Stock Down 3.3 %

NYSE:CFG traded down $1.19 during trading hours on Wednesday, reaching $34.91. The company had a trading volume of 5,742,722 shares, compared to its average volume of 4,804,249. The business's 50-day simple moving average is $41.61 and its two-hundred day simple moving average is $43.71. Citizens Financial Group, Inc. has a twelve month low of $32.06 and a twelve month high of $49.25. The firm has a market cap of $15.26 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 0.81 and a beta of 0.81. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.02. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. On average, equities analysts expect 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 will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.81%. Citizens Financial Group's payout ratio is 55.45%.

Analyst Upgrades and Downgrades

CFG has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their target price on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a "market perform" rating in a research report on Tuesday, January 21st. Truist Financial cut their price target on shares of Citizens Financial Group from $54.00 to $51.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Barclays increased their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Raymond James reaffirmed a "strong-buy" rating and set a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. decreased their price target on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $49.06.

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.