Ensign Peak Advisors Inc Sells 9,367 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Ensign Peak Advisors Inc decreased its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 345,540 shares of the bank's stock after selling 9,367 shares during the period. Ensign Peak Advisors Inc owned about 0.08% of Citizens Financial Group worth $15,121,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. acquired a new position in shares of Citizens Financial Group during the fourth quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Citizens Financial Group during the 4th quarter worth $28,000. Colonial Trust Co SC increased its holdings in Citizens Financial Group by 673.0% in the 4th quarter. Colonial Trust Co SC now owns 889 shares of the bank's stock worth $39,000 after purchasing an additional 774 shares in the last quarter. Sierra Ocean LLC bought a new position in Citizens Financial Group in the fourth quarter valued at about $47,000. Finally, Duncker Streett & Co. Inc. acquired a new stake in shares of Citizens Financial Group during the fourth quarter valued at about $51,000. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Trading Up 0.5%

Shares of CFG stock traded up $0.22 during trading hours on Friday, hitting $41.94. 1,365,333 shares of the company were exchanged, compared to its average volume of 4,818,742. The company has a 50 day simple moving average of $38.45 and a two-hundred day simple moving average of $43.14. The firm has a market cap of $18.34 billion, a P/E ratio of 13.84, a P/E/G ratio of 0.81 and a beta of 0.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two 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 business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Equities analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were paid a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.01%. Citizens Financial Group's dividend payout ratio is presently 53.33%.

Analyst Ratings Changes

Several analysts have recently weighed in on CFG shares. Citigroup reduced their price target on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Piper Sandler reduced their target price on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. dropped their price target on shares of Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Morgan Stanley reduced their price objective on shares of Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating on the stock 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. Finally, Keefe, Bruyette & Woods decreased their price objective on Citizens Financial Group from $49.00 to $45.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $46.78.

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.