Ontario Teachers Pension Plan Board Increases Position in Citizens Financial Group, Inc. (NYSE:CFG)

Ontario Teachers Pension Plan Board raised its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,645 shares of the bank’s stock after purchasing an additional 440 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Citizens Financial Group were worth $816,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Virtu Financial LLC bought a new position in Citizens Financial Group during the 3rd quarter valued at approximately $453,000. Sanctuary Advisors LLC grew its stake in shares of Citizens Financial Group by 8.1% in the third quarter. Sanctuary Advisors LLC now owns 43,969 shares of the bank’s stock worth $1,806,000 after acquiring an additional 3,307 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Citizens Financial Group during the third quarter valued at $89,000. Tidal Investments LLC raised its position in shares of Citizens Financial Group by 292.2% in the 3rd quarter. Tidal Investments LLC now owns 69,851 shares of the bank’s stock worth $2,869,000 after purchasing an additional 52,039 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Citizens Financial Group by 4.8% in the 3rd quarter. Franklin Resources Inc. now owns 655,600 shares of the bank’s stock worth $28,368,000 after purchasing an additional 29,940 shares in the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on CFG. Raymond James restated a “strong-buy” rating and set a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Truist Financial decreased their price objective on shares of Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating for the company in a report on Friday, March 21st. Citigroup cut 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. JPMorgan Chase & Co. decreased their price target on Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Finally, Barclays upped their price target on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Nine equities research 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’s stock. Based on data from MarketBeat, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus price target of $49.06.

Citizens Financial Group Stock Down 1.9 %

CFG opened at $35.43 on Thursday. Citizens Financial Group, Inc. has a 1-year low of $32.60 and a 1-year high of $49.25. The firm’s 50 day simple moving average is $41.36 and its two-hundred day simple moving average is $43.66. 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 capitalization of $15.49 billion, a PE ratio of 11.69, a PEG ratio of 0.81 and a beta of 0.81.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. As a group, equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.74%. Citizens Financial Group’s dividend payout ratio is 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.