Citizens Financial Group, Inc. (NYSE:CFG) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank boosted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 5.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 236,855 shares of the bank's stock after buying an additional 13,085 shares during the period. Toronto Dominion Bank owned approximately 0.05% of Citizens Financial Group worth $10,365,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CFG. Capital World Investors increased its stake in Citizens Financial Group by 3.3% in the fourth quarter. Capital World Investors now owns 35,900,115 shares of the bank's stock worth $1,570,989,000 after purchasing an additional 1,131,838 shares during the period. Geode Capital Management LLC increased its stake in Citizens Financial Group by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank's stock worth $477,043,000 after purchasing an additional 124,860 shares during the period. Wellington Management Group LLP increased its stake in 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 worth $462,547,000 after purchasing an additional 2,298,040 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in 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 worth $423,733,000 after purchasing an additional 1,672,204 shares during the period. Finally, Royal Bank of Canada increased its stake in Citizens Financial Group by 6.4% in the fourth quarter. Royal Bank of Canada now owns 6,247,238 shares of the bank's stock worth $273,378,000 after purchasing an additional 374,850 shares during the period. Hedge funds and other institutional investors own 94.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CFG. Stephens reduced their target price on Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Piper Sandler reduced their target price on Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Barclays dropped their price target on Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Truist Financial dropped their price target on Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Finally, DA Davidson dropped their price target on Citizens Financial Group from $53.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $47.50.

Citizens Financial Group Stock Down 0.4%

NYSE CFG traded down $0.17 during trading on Friday, hitting $39.61. The company's stock had a trading volume of 3,461,333 shares, compared to its average volume of 4,806,824. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $17.31 billion, a PE ratio of 13.07, a P/E/G ratio of 0.81 and a beta of 0.74. The business's 50 day simple moving average is $38.47 and its 200-day simple moving average is $43.08. 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 quarterly 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 business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. On average, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend was Wednesday, April 30th. Citizens Financial Group's dividend payout ratio is presently 53.33%.

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.