Citizens Financial Group, Inc. (NYSE:CFG) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 7.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,378,632 shares of the bank's stock after acquiring an additional 233,997 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.77% of Citizens Financial Group worth $147,849,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Norges Bank bought a new position in shares of Citizens Financial Group during the 4th quarter worth $243,431,000. Wellington Management Group LLP grew its position in shares of 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 worth $462,547,000 after buying an additional 2,298,040 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Citizens Financial Group by 20.9% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank's stock worth $423,733,000 after buying an additional 1,672,204 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Citizens Financial Group by 32.2% during the 4th 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 in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Citizens Financial Group during the 4th quarter worth $56,483,000. Institutional investors own 94.90% of the company's stock.

Citizens Financial Group Price Performance

Shares of CFG stock traded up $0.88 during trading hours on Tuesday, hitting $40.45. 4,661,248 shares of the company's stock were exchanged, compared to its average volume of 4,816,070. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market cap of $17.68 billion, a P/E ratio of 13.35, a P/E/G ratio of 0.81 and a beta of 0.74. The firm has a 50 day moving average of $38.43 and a two-hundred day moving average of $42.98. 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 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. Sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend was Wednesday, April 30th. Citizens Financial Group's payout ratio is 53.33%.

Analyst Ratings Changes

CFG has been the topic of several research reports. Stephens cut their price objective on shares of Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. TD Cowen assumed coverage on Citizens Financial Group in a report on Thursday, May 15th. They issued a "buy" rating and a $57.00 price target on the stock. Royal Bank of Canada decreased their price objective on Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Piper Sandler dropped their price objective on Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, DA Davidson reduced 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 report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Citizens Financial Group has a consensus rating of "Moderate Buy" and an average price target of $47.50.

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.