Y Intercept Hong Kong Ltd Has $914,000 Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Y Intercept Hong Kong Ltd lessened its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 52.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,893 shares of the bank's stock after selling 22,832 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Citizens Financial Group were worth $914,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CFG. Costello Asset Management INC acquired a new position in shares of Citizens Financial Group during the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new position in Citizens Financial Group during the third quarter worth about $27,000. Catalyst Capital Advisors LLC bought a new stake in Citizens Financial Group in the third quarter worth about $28,000. Ameliora Wealth Management Ltd. acquired a new stake in Citizens Financial Group in the 4th quarter valued at about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Citizens Financial Group during the 4th quarter valued at about $28,000. Institutional investors own 94.90% of the company's stock.

Citizens Financial Group Stock Down 1.6 %

NYSE CFG traded down $0.73 during trading on Monday, reaching $45.04. The company's stock had a trading volume of 2,324,261 shares, compared to its average volume of 3,665,084. 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 stock has a market capitalization of $19.69 billion, a PE ratio of 14.86, a PEG ratio of 0.81 and a beta of 1.10. Citizens Financial Group, Inc. has a 1-year low of $31.70 and a 1-year high of $49.25. The business has a 50-day moving average price of $45.90 and a 200-day moving average price of $44.19.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. The business had revenue of $1.99 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. On average, research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's dividend payout ratio is 55.45%.

Wall Street Analysts Forecast Growth

CFG has been the subject of several recent research reports. The Goldman Sachs Group increased their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods increased their price objective on Citizens Financial Group from $53.00 to $56.00 and gave the company a "market perform" rating in a research report on Tuesday, January 21st. Piper Sandler lifted 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. Barclays boosted their price target on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Finally, Citigroup boosted their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Citizens Financial Group currently has an average rating of "Moderate Buy" and an average target price of $49.00.

Citizens Financial Group Company 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.