BNP Paribas Financial Markets Has $59.39 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

BNP Paribas Financial Markets lowered its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 10.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,357,201 shares of the bank's stock after selling 153,947 shares during the period. BNP Paribas Financial Markets owned about 0.31% of Citizens Financial Group worth $59,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Citizens Financial Group Price Performance

CFG traded up $0.12 during trading on Friday, hitting $39.12. The company's stock had a trading volume of 3,512,814 shares, compared to its average volume of 4,812,648. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm's 50 day moving average price is $38.45 and its two-hundred day moving average price is $43.15. 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 capitalization of $17.10 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.94 billion. Sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal 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 given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Wednesday, April 30th. Citizens Financial Group's dividend payout ratio is currently 53.33%.

Analyst Ratings Changes

A number of brokerages recently weighed in on CFG. Barclays reduced their price target on shares of Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Royal Bank of Canada dropped their price target on Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Argus set a $45.00 price objective on Citizens Financial Group in a research note on Thursday, April 24th. Stephens lowered their target price on shares of Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Finally, Morgan Stanley reduced their price target on shares of Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating for the company in a research 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. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Citizens Financial Group presently has a consensus rating of "Moderate Buy" and a consensus 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.