Asset Management One Co. Ltd. Sells 7,289 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Asset Management One Co. Ltd. reduced its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,042 shares of the bank’s stock after selling 7,289 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Citizens Financial Group were worth $7,025,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CFG. Wellington Management Group LLP lifted its position in Citizens Financial Group by 207.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock valued at $339,733,000 after acquiring an additional 5,579,313 shares in the last quarter. State Street Corp lifted its position in Citizens Financial Group by 6.7% in the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock valued at $1,060,689,000 after acquiring an additional 1,615,144 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Citizens Financial Group by 85.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,043,650 shares of the bank’s stock worth $83,933,000 after buying an additional 942,662 shares in the last quarter. Bank of Montreal Can lifted its position in Citizens Financial Group by 51.1% during the 3rd quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank’s stock worth $107,897,000 after buying an additional 894,322 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Citizens Financial Group by 124.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,511,148 shares of the bank’s stock worth $62,063,000 after buying an additional 838,917 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

CFG has been the topic of several analyst reports. Raymond James reissued a “strong-buy” rating and set a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Barclays boosted their price target on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. The Goldman Sachs Group boosted their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods upped 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. Finally, Truist Financial upped their target price on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock opened at $46.43 on Tuesday. Citizens Financial Group, Inc. has a fifty-two week low of $30.30 and a fifty-two week high of $49.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $20.46 billion, a P/E ratio of 15.32, a P/E/G ratio of 0.84 and a beta of 1.10. The company’s 50 day moving average price is $45.75 and its two-hundred day moving average price is $43.75.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share 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 net margin of 12.21% and a return on equity of 6.75%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the business posted $0.85 earnings per share. On average, equities analysts forecast that Citizens Financial Group, Inc. will post 3.93 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. Stockholders of record on Friday, January 31st were issued 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 3.62%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

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.