Citizens Financial Group, Inc. (NYSE:CFG) Shares Acquired by Principal Securities Inc.

Principal Securities Inc. lifted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 37.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,260 shares of the bank’s stock after purchasing an additional 1,959 shares during the quarter. Principal Securities Inc.’s holdings in Citizens Financial Group were worth $318,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CFG. Wellington Management Group LLP lifted its stake in Citizens Financial Group by 207.2% in the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock valued at $339,733,000 after buying an additional 5,579,313 shares during the last quarter. State Street Corp raised 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 purchasing an additional 1,615,144 shares during the last quarter. Bank of Montreal Can raised its position in Citizens Financial Group by 51.1% in the 3rd 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. BNP Paribas Financial Markets boosted its stake 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 purchasing an additional 838,917 shares during the period. Finally, Nordea Investment Management AB grew its position in Citizens Financial Group by 19.3% during the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock worth $217,781,000 after purchasing an additional 805,758 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 2.8 %

Citizens Financial Group stock opened at $44.87 on Friday. Citizens Financial Group, Inc. has a fifty-two week low of $30.30 and a fifty-two week high of $49.25. The firm has a market capitalization of $19.61 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10. The stock’s fifty day moving average is $45.79 and its two-hundred day moving average is $43.93. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data 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 analysts’ expectations of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. Analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm 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 of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.74%. Citizens Financial Group’s dividend payout ratio (DPR) is 55.45%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group increased their target price 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 lifted their target price on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. Citigroup upped their price target on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays lifted their price objective on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Finally, Truist Financial raised their target price on shares of Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a research note on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Citizens Financial Group Company 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.