Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Sciencast Management LP

Sciencast Management LP decreased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,126 shares of the bank’s stock after selling 6,451 shares during the period. Sciencast Management LP’s holdings in Citizens Financial Group were worth $2,719,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP increased its stake in shares of Citizens Financial Group by 207.2% during the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock worth $339,733,000 after acquiring an additional 5,579,313 shares during the period. State Street Corp raised its holdings in Citizens Financial Group by 6.7% during the third quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock worth $1,060,689,000 after purchasing an additional 1,615,144 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Citizens Financial Group during the fourth quarter worth $56,483,000. Bank of Montreal Can grew its holdings in Citizens Financial Group by 51.1% in the third 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 during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Citizens Financial Group by 31.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank’s stock valued at $155,051,000 after buying an additional 839,041 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CFG has been the subject of a number of recent research reports. Stephens reiterated an “overweight” rating and set a $53.00 price objective on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Raymond James reiterated a “strong-buy” rating and issued a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Truist Financial decreased their price objective on Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating on the stock in a report on Friday. 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 research note on Tuesday, November 26th. Finally, Piper Sandler lifted their price target on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.06.

Citizens Financial Group Trading Up 0.5 %

Shares of NYSE CFG opened at $41.19 on Friday. 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 price is $45.12 and its two-hundred day moving average price is $44.10. Citizens Financial Group, Inc. has a 52-week low of $32.06 and a 52-week high of $49.25. The stock has a market capitalization of $18.00 billion, a P/E ratio of 13.59, a PEG ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the business posted $0.85 earnings per share. On average, analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

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

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.