Charles Schwab Investment Management Inc. Sells 126,597 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Charles Schwab Investment Management Inc. decreased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,011,105 shares of the bank’s stock after selling 126,597 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Citizens Financial Group were worth $306,806,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Citizens Financial Group during the fourth quarter worth approximately $8,134,000. BTC Capital Management Inc. increased its holdings in Citizens Financial Group by 19.8% during the 4th quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock worth $1,882,000 after purchasing an additional 7,119 shares during the period. Patton Fund Management Inc. bought a new stake in Citizens Financial Group during the 4th 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 buying an additional 367,439 shares during the period. Finally, Versor Investments LP bought a new position in shares of Citizens Financial Group during the 3rd quarter worth $1,910,000. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Down 0.7 %

Shares of Citizens Financial Group stock opened at $43.31 on Thursday. The firm’s 50 day simple moving average is $45.91 and its two-hundred day simple moving average is $44.23. The firm has a market capitalization of $18.93 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 0.81 and a beta of 1.06. Citizens Financial Group, Inc. has a 12-month low of $32.06 and a 12-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.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The firm 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%. Citizens Financial Group’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.88%. Citizens Financial Group’s payout ratio is 55.45%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Citigroup lifted their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Piper Sandler upped their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Compass Point lifted their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods boosted their price objective on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 21st. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Nine 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. According to MarketBeat, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

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.