Vinva Investment Management Ltd Sells 10,165 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Vinva Investment Management Ltd trimmed its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 40.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,661 shares of the bank's stock after selling 10,165 shares during the period. Vinva Investment Management Ltd's holdings in Citizens Financial Group were worth $639,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CFG. Intech Investment Management LLC grew its holdings in shares of Citizens Financial Group by 801.9% in the 4th quarter. Intech Investment Management LLC now owns 102,445 shares of the bank's stock valued at $4,483,000 after acquiring an additional 91,086 shares in the last quarter. Mystic Asset Management Inc. acquired a new position in Citizens Financial Group during the fourth quarter valued at approximately $280,000. Corient Private Wealth LLC grew its stake in Citizens Financial Group by 0.9% in the fourth quarter. Corient Private Wealth LLC now owns 85,535 shares of the bank's stock valued at $3,743,000 after purchasing an additional 802 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Citizens Financial Group by 16.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 16,957 shares of the bank's stock worth $742,000 after purchasing an additional 2,415 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Citizens Financial Group by 6.2% during the 4th quarter. Natixis Advisors LLC now owns 691,795 shares of the bank's stock worth $30,273,000 after purchasing an additional 40,160 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

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Citizens Financial Group Trading Down 0.7 %

Shares of CFG stock traded down $0.29 during trading hours on Wednesday, hitting $41.98. 3,087,028 shares of the company were exchanged, compared to its average volume of 4,518,320. The company has a 50 day simple moving average of $45.01 and a two-hundred day simple moving average of $44.14. The firm has a market cap of $18.35 billion, a P/E ratio of 13.86, a P/E/G ratio of 0.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. 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 quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same period last year, the company posted $0.85 earnings per share. The business's quarterly revenue was down .1% on a year-over-year basis. Equities analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 annualized dividend and a yield of 4.00%. Citizens Financial Group's payout ratio is 55.45%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Piper Sandler upped their price target on shares of 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 reiterated an "overweight" rating and issued a $53.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 29th. The Goldman Sachs Group lifted their price target on Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Barclays lifted their target price on Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Finally, Compass Point increased their price target on Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a research note 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 company's stock. According to MarketBeat, the company currently has a consensus 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.