100,648 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Purchased by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 100,648 shares of the bank’s stock, valued at approximately $4,404,000.

Several other institutional investors have also modified their holdings of the stock. CHURCHILL MANAGEMENT Corp purchased a new stake in Citizens Financial Group during the 4th quarter valued at $8,134,000. BTC Capital Management Inc. increased its position in Citizens Financial Group by 19.8% during the fourth quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock valued at $1,882,000 after acquiring an additional 7,119 shares during the last quarter. Patton Fund Management Inc. purchased a new stake in shares of Citizens Financial Group in the fourth quarter valued at $6,694,000. AEGON ASSET MANAGEMENT UK Plc lifted its holdings in shares of Citizens Financial Group by 46.8% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock worth $50,430,000 after acquiring an additional 367,439 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Citizens Financial Group by 19.3% during the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock worth $217,781,000 after purchasing an additional 805,758 shares during the period. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $35.53 on Tuesday. 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 company has a market cap of $15.53 billion, a PE ratio of 11.73, a PEG ratio of 0.81 and a beta of 0.81. Citizens Financial Group, Inc. has a 12-month low of $32.06 and a 12-month high of $49.25. The business’s fifty day simple moving average is $41.85 and its 200-day simple moving average is $43.77.

Citizens Financial Group (NYSE:CFG) last issued 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. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Analysts expect 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 4.73%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CFG. Stephens reissued an “overweight” rating and issued a $53.00 price objective on shares of Citizens Financial Group in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price target on Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Raymond James restated a “strong-buy” rating and set a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Citigroup reduced their target price on Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Finally, Truist Financial lowered their target price on shares of Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and an average price target of $49.06.

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.