Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Signaturefd LLC

Signaturefd LLC decreased its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,563 shares of the bank’s stock after selling 391 shares during the quarter. Signaturefd LLC’s holdings in Citizens Financial Group were worth $243,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Wellington Management Group LLP lifted its stake in shares of Citizens Financial Group by 207.2% in the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock valued at $339,733,000 after purchasing an additional 5,579,313 shares during the period. State Street Corp boosted its stake in shares of Citizens Financial Group by 6.7% during the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock worth $1,060,689,000 after acquiring an additional 1,615,144 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Citizens Financial Group in the 4th quarter worth approximately $56,483,000. Bank of Montreal Can increased its stake in Citizens Financial Group by 51.1% in the 3rd quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank’s stock valued at $107,897,000 after purchasing an additional 894,322 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Citizens Financial Group by 31.0% during the fourth quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank’s stock worth $155,051,000 after purchasing an additional 839,041 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Trading Up 0.5 %

Shares of CFG opened at $41.19 on Friday. The stock’s fifty day simple moving average is $45.12 and its 200 day simple moving average is $44.10. Citizens Financial Group, Inc. has a twelve month low of $32.06 and a twelve month high of $49.25. 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 firm has a market capitalization of $18.00 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data 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. 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. On average, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.08%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s payout ratio is currently 55.45%.

Wall Street Analysts Forecast Growth

CFG has been the topic of several research reports. The Goldman Sachs Group upped their target price on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Piper Sandler raised their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Compass Point lifted their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods increased their price target 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. Finally, Truist Financial cut their price target on Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating for the company in a report on Friday. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Citizens Financial Group currently has an average rating of “Moderate Buy” and a consensus price target of $49.06.

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.