Bridgefront Capital LLC Trims Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Bridgefront Capital LLC lowered its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 67.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,428 shares of the bank's stock after selling 17,472 shares during the period. Bridgefront Capital LLC's holdings in Citizens Financial Group were worth $369,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. CHURCHILL MANAGEMENT Corp bought a new position in Citizens Financial Group during the 4th quarter valued at approximately $8,134,000. BTC Capital Management Inc. boosted its holdings in Citizens Financial Group by 19.8% in the fourth quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank's stock valued at $1,882,000 after acquiring an additional 7,119 shares in the last quarter. Patton Fund Management Inc. bought a new position in Citizens Financial Group in the 4th quarter worth $6,694,000. AEGON ASSET MANAGEMENT UK Plc lifted its position in shares of Citizens Financial Group by 46.8% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank's stock worth $50,430,000 after purchasing an additional 367,439 shares during the period. Finally, Nordea Investment Management AB boosted 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 purchasing an additional 805,758 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

Citizens Financial Group Stock Performance

CFG stock traded up $0.12 on Friday, hitting $39.12. The company had a trading volume of 3,512,814 shares, compared to its average volume of 4,812,648. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a 12-month low of $32.60 and a 12-month high of $49.25. The stock has a market cap of $17.10 billion, a price-to-earnings ratio of 12.91, a P/E/G ratio of 0.81 and a beta of 0.74. The stock's 50-day simple moving average is $38.45 and its 200 day simple moving average is $43.15.

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

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Wednesday, April 30th. Citizens Financial Group's dividend payout ratio (DPR) is presently 53.33%.

Analyst Ratings Changes

CFG has been the topic of several recent research reports. The Goldman Sachs Group reduced their price target on Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Barclays cut their price objective on shares of 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. Morgan Stanley lowered their target price on shares of Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating for the company in a report 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 cut their price target on 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, Piper Sandler lowered their price objective on Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.