Vinva Investment Management Ltd Sells 10,165 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Vinva Investment Management Ltd lessened its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 40.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,661 shares of the bank’s stock after selling 10,165 shares during the quarter. Vinva Investment Management Ltd’s holdings in Citizens Financial Group were worth $639,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CFG. OneDigital Investment Advisors LLC bought a new stake in shares of Citizens Financial Group in the third quarter worth $232,000. Empowered Funds LLC grew its stake in shares of Citizens Financial Group by 8.4% in the third quarter. Empowered Funds LLC now owns 7,487 shares of the bank’s stock worth $307,000 after purchasing an additional 579 shares during the last quarter. Pathstone Holdings LLC grew its stake in shares of Citizens Financial Group by 7.7% in the third quarter. Pathstone Holdings LLC now owns 154,546 shares of the bank’s stock worth $6,347,000 after purchasing an additional 11,044 shares during the last quarter. Prospera Financial Services Inc bought a new stake in shares of Citizens Financial Group in the third quarter worth $227,000. Finally, Commerce Bank lifted its holdings in Citizens Financial Group by 1.9% in the third quarter. Commerce Bank now owns 13,177 shares of the bank’s stock valued at $541,000 after buying an additional 250 shares during the period. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Up 0.5 %

CFG opened at $41.19 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25. The firm has a market capitalization of $18.00 billion, a PE ratio of 13.59, a P/E/G ratio of 0.81 and a beta of 1.06. The company’s 50-day moving average is $45.12 and its 200 day moving average is $44.10.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the firm posted $0.85 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. As a group, research analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CFG. Keefe, Bruyette & Woods boosted their target price on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, January 21st. Piper Sandler boosted 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. Stephens restated an “overweight” rating and issued a $53.00 target price on shares of Citizens Financial Group in a report on Wednesday, January 29th. Truist Financial dropped their target price on shares of Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating on the stock in a report on Friday. Finally, Barclays boosted their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.06.

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.