Mn Services Vermogensbeheer B.V. Has $6.95 Million Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Mn Services Vermogensbeheer B.V. trimmed its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 7.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,579 shares of the bank's stock after selling 13,200 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Citizens Financial Group were worth $6,948,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CFG. Norges Bank acquired a new stake in Citizens Financial Group during the 4th quarter valued at $243,431,000. Wellington Management Group LLP increased its stake in shares of Citizens Financial Group by 27.8% in the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock valued at $462,547,000 after buying an additional 2,298,040 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of Citizens Financial Group by 20.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank's stock valued at $423,733,000 after buying an additional 1,672,204 shares in the last quarter. AQR Capital Management LLC increased its position in Citizens Financial Group by 32.2% in the 4th quarter. AQR Capital Management LLC now owns 6,186,364 shares of the bank's stock valued at $270,715,000 after acquiring an additional 1,507,536 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Citizens Financial Group in the 4th quarter valued at about $56,483,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Trading Up 2.1%

Shares of Citizens Financial Group stock traded up $0.86 during trading on Wednesday, hitting $41.31. 5,895,174 shares of the company were exchanged, compared to its average volume of 4,819,422. The firm has a market capitalization of $18.06 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 0.69 and a beta of 0.75. The firm's fifty day moving average price is $38.96 and its 200 day moving average price is $42.29. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.83. Citizens Financial Group, Inc. has a 1-year low of $32.60 and a 1-year high of $49.25.

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, beating analysts' consensus estimates of $0.75 by $0.02. Citizens Financial Group had a net margin of 12.76% and a return on equity of 6.84%. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. As a group, sell-side analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group declared that its board has initiated a share repurchase plan on Friday, June 13th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the bank to purchase up to 8.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend was Wednesday, April 30th. Citizens Financial Group's dividend payout ratio (DPR) is 53.33%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Truist Financial lowered their price target on shares of Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Piper Sandler lowered their price target on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Raymond James Financial reissued a "strong-buy" rating and issued a $48.00 target price (down from $58.00) on shares of Citizens Financial Group in a research note on Thursday, April 17th. Finally, Barclays lowered their target price on Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $47.89.

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.