Citizens Financial Group, Inc. $CFG Shares Sold by Bank of Montreal Can

Key Points

• Bank of Montreal reduced its stake in Citizens Financial Group by 41.9% in Q3, selling 1,087,980 shares and leaving 1,507,365 shares (about 0.35% of the company) worth roughly $80.13M.
• Analysts are broadly bullish—20 Buy ratings vs 1 Hold—supporting a consensus price target of $69.95, with several firms recently raising targets into the mid‑$60s and $70s.
• Recent fundamentals: CFG reported Q4 EPS of $1.13 (beat by $0.02) on $2.16B revenue, pays a $0.46 quarterly dividend (≈3.1% yield), and trades at a P/E of ~15.1 with a market cap near $24.9B.

Bank of Montreal Can reduced its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 41.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,507,365 shares of the bank's stock after selling 1,087,980 shares during the quarter. Bank of Montreal Can owned 0.35% of Citizens Financial Group worth $80,131,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CFG. True Wealth Design LLC boosted its holdings in Citizens Financial Group by 891.5% in the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank's stock worth $31,000 after buying an additional 526 shares during the last quarter. Capital A Wealth Management LLC increased its stake in shares of Citizens Financial Group by 3,970.0% in the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank's stock worth $36,000 after acquiring an additional 794 shares during the last quarter. State of Wyoming purchased a new position in Citizens Financial Group during the second quarter worth about $39,000. Kestra Investment Management LLC lifted its holdings in Citizens Financial Group by 2,703.0% in the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank's stock valued at $41,000 after acquiring an additional 892 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Citizens Financial Group during the 2nd quarter worth about $45,000. Institutional investors and hedge funds own 94.90% of the company's stock.

Analysts Set New Price Targets

CFG has been the subject of a number of research reports. DA Davidson lifted their price objective on Citizens Financial Group from $65.00 to $73.00 and gave the company a "buy" rating in a research note on Thursday, January 22nd. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $75.00 price objective on shares of Citizens Financial Group in a research report on Tuesday, March 3rd. Evercore increased their target price on shares of Citizens Financial Group from $69.00 to $77.00 and gave the company an "outperform" rating in a research report on Thursday, February 5th. New Street Research set a $73.00 price objective on Citizens Financial Group in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada upped their target price on shares of Citizens Financial Group from $60.00 to $67.00 and gave the company an "outperform" rating in a report on Thursday, January 22nd. Twenty research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $69.95.

Citizens Financial Group Stock Down 0.6%

CFG opened at $58.52 on Thursday. The firm has a market cap of $24.87 billion, a P/E ratio of 15.12, a PEG ratio of 0.48 and a beta of 0.70. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $68.79. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.46. The business's fifty day simple moving average is $62.51 and its 200 day simple moving average is $56.57.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.02. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, February 4th. Citizens Financial Group's dividend payout ratio (DPR) is presently 47.55%.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc NYSE: CFG is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.

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