Vinva Investment Management Ltd Sells 10,165 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Vinva Investment Management Ltd reduced its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 40.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,661 shares of the bank’s stock after selling 10,165 shares during the period. Vinva Investment Management Ltd’s holdings in Citizens Financial Group were worth $639,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CFG. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Citizens Financial Group during the 4th quarter valued at approximately $8,134,000. BTC Capital Management Inc. lifted its stake in shares of Citizens Financial Group by 19.8% during the 4th quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock valued at $1,882,000 after buying an additional 7,119 shares in the last quarter. Patton Fund Management Inc. purchased a new stake in shares of Citizens Financial Group during the 4th quarter valued at approximately $6,694,000. AEGON ASSET MANAGEMENT UK Plc lifted its stake in shares of Citizens Financial Group by 46.8% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock valued at $50,430,000 after buying an additional 367,439 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of 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 valued at $217,781,000 after buying an additional 805,758 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CFG. Morgan Stanley dropped their price target on shares of Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Truist Financial lowered their target price on shares of Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating on the stock in a research note on Friday. 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. Barclays increased their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Finally, Piper Sandler increased their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.06.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $41.19 on Friday. The stock has a market cap of $18.00 billion, a PE ratio of 13.59, a PEG ratio of 0.81 and a beta of 1.06. The company’s fifty day moving average is $45.12 and its 200 day moving average is $44.10. Citizens Financial Group, Inc. has a 52 week low of $32.06 and a 52 week high of $49.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The company 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 EPS. Research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given 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 of this dividend was Friday, January 31st. Citizens Financial Group’s payout ratio is 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.