Citizens Financial Group, Inc. (NYSE:CFG) Stake Lowered by Xponance Inc.

Xponance Inc. trimmed its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,457 shares of the bank’s stock after selling 2,241 shares during the period. Xponance Inc.’s holdings in Citizens Financial Group were worth $2,646,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new stake in shares of Citizens Financial Group during the 4th quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Citizens Financial Group during the fourth quarter valued at approximately $28,000. Sierra Ocean LLC acquired a new stake in Citizens Financial Group in the fourth quarter valued at approximately $47,000. Legacy Investment Solutions LLC acquired a new stake in Citizens Financial Group in the third quarter valued at approximately $48,000. Finally, Duncker Streett & Co. Inc. bought a new stake in Citizens Financial Group in the fourth quarter worth approximately $51,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. Barclays boosted their price target on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. 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. Finally, Piper Sandler increased their price target on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.06.

Citizens Financial Group Stock Up 0.5 %

NYSE CFG opened at $41.19 on Friday. Citizens Financial Group, Inc. has a 1-year low of $32.06 and a 1-year high of $49.25. The company has a market capitalization of $18.00 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 0.81 and a beta of 1.06. The stock’s 50 day moving average is $45.12 and its two-hundred day moving average is $44.10. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. Citizens Financial Group’s quarterly revenue was down .1% on a year-over-year basis. Equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is currently 55.45%.

Citizens Financial Group 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.