Tidal Investments LLC Lowers Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Tidal Investments LLC trimmed its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 62.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,300 shares of the bank's stock after selling 43,551 shares during the quarter. Tidal Investments LLC's holdings in Citizens Financial Group were worth $1,151,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CFG. Norges Bank bought a new position in Citizens Financial Group during the 4th quarter worth about $243,431,000. Wellington Management Group LLP increased its position in Citizens Financial Group by 27.8% during the 4th 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 holdings in shares of Citizens Financial Group by 20.9% during 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 acquiring an additional 1,672,204 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Citizens Financial Group by 32.2% in the fourth quarter. AQR Capital Management LLC now owns 6,186,364 shares of the bank's stock worth $270,715,000 after buying an additional 1,507,536 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Citizens Financial Group in the 4th quarter worth $56,483,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CFG shares. DA Davidson decreased their target price on shares of Citizens Financial Group from $53.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Royal Bank of Canada lowered their target price on shares of 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 target on Citizens Financial Group in a research report on Thursday, April 24th. Piper Sandler cut their price objective on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, TD Cowen started coverage on Citizens Financial Group in a research note on Thursday, May 15th. They set a "buy" rating and a $57.00 target price for the company. Seven equities research 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, Citizens Financial Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.89.

Citizens Financial Group Stock Down 0.4%

Shares of NYSE:CFG traded down $0.18 during trading hours on Friday, reaching $40.08. The stock had a trading volume of 884,435 shares, compared to its average volume of 4,807,087. The stock has a market capitalization of $17.52 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 0.81 and a beta of 0.74. The firm's 50 day moving average is $38.35 and its 200-day moving average is $42.90. Citizens Financial Group, Inc. has a 1 year low of $32.60 and a 1 year high of $49.25. 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 (NYSE:CFG - Get Free Report) last posted its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Research analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Wednesday, April 30th. Citizens Financial Group's dividend payout ratio (DPR) is currently 53.33%.

About Citizens Financial Group

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.