Gulf International Bank UK Ltd Reduces Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Gulf International Bank UK Ltd reduced its position in Citizens Financial Group, Inc. (NYSE:CFG) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,755 shares of the bank’s stock after selling 341 shares during the period. Gulf International Bank UK Ltd’s holdings in Citizens Financial Group were worth $1,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. CHURCHILL MANAGEMENT Corp purchased a new position in Citizens Financial Group during the fourth quarter valued at $8,134,000. BTC Capital Management Inc. lifted its position in Citizens Financial Group by 19.8% during the fourth quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock valued at $1,882,000 after purchasing an additional 7,119 shares in the last quarter. Patton Fund Management Inc. purchased a new position in Citizens Financial Group during the fourth quarter valued at $6,694,000. AEGON ASSET MANAGEMENT UK Plc lifted its position in Citizens Financial Group by 46.8% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock valued at $50,430,000 after purchasing an additional 367,439 shares in the last quarter. Finally, Versor Investments LP purchased a new position in Citizens Financial Group during the third quarter valued at $1,910,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group Trading Up 1.3 %

Shares of CFG stock opened at $45.75 on Friday. Citizens Financial Group, Inc. has a 12-month low of $30.54 and a 12-month high of $49.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The stock’s 50-day moving average price is $45.90 and its 200-day moving average price is $44.16. The stock has a market capitalization of $20.00 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10.

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

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 annualized dividend and a yield of 3.67%. Citizens Financial Group’s payout ratio is currently 55.45%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Raymond James reiterated a “strong-buy” rating and set a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Piper Sandler raised 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. Keefe, Bruyette & Woods raised their price target on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, January 21st. Truist Financial raised their price target on Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a report on Tuesday, January 21st. Finally, Barclays raised their price target on 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 analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.