Trexquant Investment LP Has $807,000 Position in Citizens Financial Group, Inc. (NYSE:CFG)

Trexquant Investment LP cut its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 96.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,432 shares of the bank’s stock after selling 492,249 shares during the quarter. Trexquant Investment LP’s holdings in Citizens Financial Group were worth $807,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CFG. Ameliora Wealth Management Ltd. acquired a new stake in shares of Citizens Financial Group during the fourth quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Citizens Financial Group during the 4th quarter worth about $28,000. Sierra Ocean LLC acquired a new position in shares of Citizens Financial Group during the 4th quarter worth about $47,000. Duncker Streett & Co. Inc. bought a new stake in shares of Citizens Financial Group in the 4th quarter valued at about $51,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Citizens Financial Group in the 4th quarter valued at approximately $66,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 0.0 %

NYSE:CFG opened at $34.78 on Friday. The firm has a market capitalization of $15.20 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a twelve month low of $32.06 and a twelve month high of $49.25. The stock’s 50 day moving average price is $42.10 and its two-hundred day moving average price is $43.78.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results 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. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s payout ratio is currently 55.45%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Truist Financial lowered 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 research report on Friday, March 21st. JPMorgan Chase & Co. reduced their target price on Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Citigroup lowered their price target on Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating for the company in a report on Monday, March 24th. Finally, Raymond James reiterated a “strong-buy” rating and set a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Nine investment 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.06.

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.