Cresset Asset Management LLC Has $565,000 Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Cresset Asset Management LLC lowered its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 78.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,908 shares of the bank’s stock after selling 47,466 shares during the period. Cresset Asset Management LLC’s holdings in Citizens Financial Group were worth $565,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Capital World Investors grew its stake in Citizens Financial Group by 3.3% during the fourth quarter. Capital World Investors now owns 35,900,115 shares of the bank’s stock worth $1,570,989,000 after purchasing an additional 1,131,838 shares during the period. Geode Capital Management LLC grew its stake in Citizens Financial Group by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank’s stock worth $477,043,000 after purchasing an additional 124,860 shares during the period. Wellington Management Group LLP grew its stake in Citizens Financial Group by 27.8% during the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank’s stock worth $462,547,000 after purchasing an additional 2,298,040 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in Citizens Financial Group by 20.9% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank’s stock worth $423,733,000 after purchasing an additional 1,672,204 shares during the period. Finally, AQR Capital Management LLC grew its stake in Citizens Financial Group by 32.2% during the fourth quarter. AQR Capital Management LLC now owns 6,186,364 shares of the bank’s stock worth $270,715,000 after purchasing an additional 1,507,536 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank of Canada decreased their target price on Citizens Financial Group from $50.00 to $44.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. DA Davidson reduced their price objective on Citizens Financial Group from $53.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Citigroup reduced their price objective on Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Morgan Stanley reduced their price objective on Citizens Financial Group from $54.00 to $43.00 and set an “equal weight” rating for the company in a research note on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. Finally, Barclays reduced their price objective on Citizens Financial Group from $52.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.18.

Citizens Financial Group Stock Down 0.6%

CFG stock opened at $41.60 on Thursday. Citizens Financial Group, Inc. has a twelve month low of $32.60 and a twelve month high of $49.25. 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’s 50 day moving average is $38.41 and its 200-day moving average is $43.15. The firm has a market capitalization of $18.18 billion, a PE ratio of 13.73, a P/E/G ratio of 0.81 and a beta of 0.74.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Sell-side analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were issued a dividend of $0.42 per share. The ex-dividend date was Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a yield of 4.04%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 53.33%.

About Citizens Financial Group

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.