Canada Pension Plan Investment Board Increases Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Canada Pension Plan Investment Board grew its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 128.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 674,200 shares of the bank's stock after acquiring an additional 379,200 shares during the quarter. Canada Pension Plan Investment Board owned about 0.15% of Citizens Financial Group worth $29,503,000 at the end of the most recent reporting period.

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

Citizens Financial Group Stock Down 0.6 %

NYSE CFG traded down $0.23 during trading hours on Friday, hitting $37.21. 943,143 shares of the company were exchanged, compared to its average volume of 4,778,477. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week high of $49.25. The company has a 50 day moving average of $40.07 and a two-hundred day moving average of $43.46. The firm has a market cap of $16.27 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 0.81 and a beta of 0.81. 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 - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Equities 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.68 annualized dividend and a yield of 4.51%. Citizens Financial Group's dividend payout ratio (DPR) is 53.33%.

Analyst Upgrades and Downgrades

CFG has been the topic of a number of recent research reports. Argus set a $45.00 target price on Citizens Financial Group in a research note on Thursday. DA Davidson reduced their price objective on shares of Citizens Financial Group from $53.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Morgan Stanley cut their price objective on Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. Truist Financial lowered their target price on shares of Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Finally, Barclays cut their price objective on shares of Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Citizens Financial Group has a consensus rating of "Moderate Buy" and an average target price of $46.18.

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.