MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 49,637 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 79.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,625 shares of the bank’s stock after selling 49,637 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Citizens Financial Group were worth $550,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CFG. Intech Investment Management LLC increased its position in Citizens Financial Group by 104.9% during the 2nd quarter. Intech Investment Management LLC now owns 11,359 shares of the bank’s stock worth $409,000 after purchasing an additional 5,815 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Citizens Financial Group by 4.3% during the 2nd quarter. Pacer Advisors Inc. now owns 33,751 shares of the bank’s stock valued at $1,216,000 after acquiring an additional 1,379 shares during the period. Sei Investments Co. raised its holdings in Citizens Financial Group by 2.6% during the second quarter. Sei Investments Co. now owns 219,866 shares of the bank’s stock worth $7,922,000 after buying an additional 5,627 shares during the last quarter. ProShare Advisors LLC raised its holdings in Citizens Financial Group by 1.3% during the second quarter. ProShare Advisors LLC now owns 111,418 shares of the bank’s stock worth $4,014,000 after buying an additional 1,457 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in Citizens Financial Group by 4.5% during the second quarter. Public Sector Pension Investment Board now owns 77,114 shares of the bank’s stock worth $2,778,000 after buying an additional 3,335 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Up 0.2 %

Shares of Citizens Financial Group stock opened at $47.44 on Friday. The stock has a market capitalization of $20.91 billion, a price-to-earnings ratio of 15.66, a P/E/G ratio of 0.82 and a beta of 1.10. The company’s 50 day moving average price is $45.73 and its 200-day moving average price is $42.94. Citizens Financial Group, Inc. has a 52-week low of $30.24 and a 52-week high of $49.25. 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 (NYSE:CFG) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1,962,330 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts forecast that Citizens Financial Group, Inc. will post 3.94 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a $0.42 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.54%. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CFG shares. Compass Point increased their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Piper Sandler increased their target price 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. Keefe, Bruyette & Woods increased 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. DA Davidson increased their price target on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, Citigroup raised 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 analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus 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.