Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 52.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 227,969 shares of the bank's stock after purchasing an additional 77,969 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.05% of Citizens Financial Group worth $9,976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Ameliora Wealth Management Ltd. bought a new position in shares of Citizens Financial Group in the fourth quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Citizens Financial Group during the fourth quarter valued at approximately $28,000. Sierra Ocean LLC purchased a new stake in shares of Citizens Financial Group during the 4th quarter valued at $47,000. Duncker Streett & Co. Inc. purchased a new stake in Citizens Financial Group in the fourth quarter worth approximately $51,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Citizens Financial Group during the fourth quarter worth approximately $66,000. Institutional investors own 94.90% of the company's stock.

Citizens Financial Group Price Performance

Shares of NYSE CFG traded down $0.11 during trading hours on Wednesday, reaching $38.09. 3,489,003 shares of the stock traded hands, compared to its average volume of 4,802,367. The company has a market capitalization of $16.65 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74. The company's 50-day simple moving average is $38.82 and its two-hundred day simple moving average is $43.22. 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, Inc. has a 52-week low of $32.60 and a 52-week high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.41%. Citizens Financial Group's dividend payout ratio is currently 53.33%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CFG. Argus set a $45.00 target price on shares of Citizens Financial Group in a research report on Thursday, April 24th. Truist Financial dropped their price target on shares of Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Barclays reduced their target price on Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Royal Bank of Canada decreased their target price on Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Finally, Raymond James reiterated a "strong-buy" rating and set a $48.00 price objective (down previously from $58.00) on shares of Citizens Financial Group in a research note on Thursday, April 17th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $46.18.

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.