Citizens Financial Group, Inc. (NYSE:CFG) Stock Holdings Boosted by Great Lakes Advisors LLC

Great Lakes Advisors LLC boosted its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 138.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,450 shares of the bank’s stock after buying an additional 9,564 shares during the period. Great Lakes Advisors LLC’s holdings in Citizens Financial Group were worth $720,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp grew 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 buying an additional 1,615,144 shares in the last quarter. Wellington Management Group LLP grew 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 buying an additional 5,579,313 shares in the last quarter. Nordea Investment Management AB grew its position in Citizens Financial Group by 19.3% in the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock valued at $217,781,000 after buying an additional 805,758 shares in the last quarter. Bank of New York Mellon Corp grew its position in Citizens Financial Group by 31.0% in the 4th quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank’s stock valued at $155,051,000 after buying an additional 839,041 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Citizens Financial Group by 11.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,144,635 shares of the bank’s stock valued at $129,150,000 after buying an additional 334,386 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

CFG has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on shares of Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday. Barclays upped their price target 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. Truist Financial upped their price target 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. Stephens reissued an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a report on Wednesday, January 29th. Finally, Raymond James reissued a “strong-buy” rating and issued a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $49.22.

Citizens Financial Group Price Performance

NYSE CFG opened at $40.72 on Monday. The company has a 50 day simple moving average of $45.46 and a 200-day simple moving average of $44.18. 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 $17.80 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. Citizens Financial Group, Inc. has a 52-week low of $32.06 and a 52-week high of $49.25.

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

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 4.13%. Citizens Financial Group’s dividend payout ratio is currently 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.