Zurcher Kantonalbank Zurich Cantonalbank Sells 16,422 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 14.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,107 shares of the bank's stock after selling 16,422 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Citizens Financial Group were worth $4,337,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CFG. My Legacy Advisors LLC boosted its position in Citizens Financial Group by 1.0% during the fourth quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank's stock valued at $1,074,000 after purchasing an additional 229 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of Citizens Financial Group by 3.3% during the 4th quarter. Brooklyn Investment Group now owns 7,304 shares of the bank's stock worth $320,000 after purchasing an additional 233 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in shares of Citizens Financial Group by 0.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank's stock valued at $1,257,000 after buying an additional 246 shares during the last quarter. Ballentine Partners LLC grew its stake in shares of Citizens Financial Group by 3.3% in the 4th quarter. Ballentine Partners LLC now owns 7,777 shares of the bank's stock valued at $340,000 after buying an additional 247 shares in the last quarter. Finally, Commerce Bank increased its holdings in Citizens Financial Group by 1.9% in the third quarter. Commerce Bank now owns 13,177 shares of the bank's stock worth $541,000 after buying an additional 250 shares during the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several analysts have commented on the stock. Stephens reissued an "overweight" rating and issued a $53.00 target price on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Compass Point increased their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Raymond James restated a "strong-buy" rating and issued a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Truist Financial increased their price target on Citizens Financial Group from $49.00 to $54.00 and gave the company a "hold" rating in a report on Tuesday, January 21st. Finally, Morgan Stanley reduced their price objective on shares of Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Nine 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $49.22.

Citizens Financial Group Stock Performance

Shares of CFG stock traded up $0.10 during mid-day trading on Tuesday, reaching $40.96. The stock had a trading volume of 4,117,200 shares, compared to its average volume of 4,490,842. The firm has a market cap of $17.90 billion, a PE ratio of 13.52, a P/E/G ratio of 0.81 and a beta of 1.06. 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, Inc. has a one year low of $32.06 and a one year high of $49.25. The firm's 50 day simple moving average is $45.38 and its 200 day simple moving average is $44.17.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share 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 firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. The business's revenue was down .1% compared to the same quarter last year. On average, analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 4.10%. Citizens Financial Group's payout ratio 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.