Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc lessened its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 667,670 shares of the bank’s stock after selling 29,269 shares during the quarter. Impax Asset Management Group plc’s holdings in Citizens Financial Group were worth $29,217,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc increased its holdings in shares of Citizens Financial Group by 38.3% in the 4th quarter. IFP Advisors Inc now owns 7,975 shares of the bank’s stock valued at $349,000 after acquiring an additional 2,210 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Citizens Financial Group by 105.7% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 95,184 shares of the bank’s stock valued at $4,165,000 after purchasing an additional 48,900 shares in the last quarter. Delta Financial Group Inc. purchased a new position in Citizens Financial Group in the fourth quarter valued at approximately $258,000. Howard Capital Management Inc. acquired a new stake in Citizens Financial Group during the fourth quarter worth approximately $426,000. Finally, Wealthspire Advisors LLC lifted its position in shares of Citizens Financial Group by 9.4% during the 4th quarter. Wealthspire Advisors LLC now owns 11,622 shares of the bank’s stock worth $509,000 after buying an additional 1,001 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Trading Down 1.3 %

NYSE CFG opened at $44.32 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $19.37 billion, a P/E ratio of 14.63, a P/E/G ratio of 0.81 and a beta of 1.10. Citizens Financial Group, Inc. has a 52-week low of $30.30 and a 52-week high of $49.25. The firm has a 50-day moving average price of $45.76 and a 200 day moving average price of $44.04.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the business posted $0.85 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts expect 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. Shareholders of record on Friday, January 31st were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is currently 55.45%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CFG. Keefe, Bruyette & Woods increased their target price on shares of 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. Stephens reaffirmed an “overweight” rating and set a $53.00 price objective on shares of Citizens Financial Group in a report on Wednesday, January 29th. Raymond James reissued 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. Piper Sandler raised their price target on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Citigroup boosted their price objective on 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 given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.