Citizens Financial Group, Inc. (NYSE:CFG) Stock Holdings Lowered by Sciencast Management LP

Sciencast Management LP cut its position in Citizens Financial Group, Inc. (NYSE:CFG) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,126 shares of the bank’s stock after selling 6,451 shares during the quarter. Sciencast Management LP’s holdings in Citizens Financial Group were worth $2,719,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. acquired a new position in shares of Citizens Financial Group during the fourth quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Citizens Financial Group during the fourth quarter valued at $28,000. Sierra Ocean LLC acquired a new stake in Citizens Financial Group in the fourth quarter worth about $47,000. Legacy Investment Solutions LLC bought a new position in Citizens Financial Group in the 3rd quarter valued at about $48,000. Finally, Duncker Streett & Co. Inc. acquired a new position in Citizens Financial Group during the 4th quarter valued at about $51,000. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

CFG has been the subject of several recent analyst reports. Raymond James reiterated a “strong-buy” rating and issued a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Stephens reiterated an “overweight” rating and set a $53.00 price target on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Piper Sandler upped their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Morgan Stanley lowered their target price on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Finally, 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. 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. Based on data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.06.

Citizens Financial Group Trading Up 0.5 %

Shares of Citizens Financial Group stock 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. The company’s fifty day moving average price is $45.12 and its two-hundred day moving average price is $44.10. Citizens Financial Group, Inc. has a 52-week low of $32.06 and a 52-week high of $49.25. The firm has a market capitalization of $18.00 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06.

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. 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 company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

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

About Citizens Financial Group

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.