Voloridge Investment Management LLC Lowers Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Voloridge Investment Management LLC lessened its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 26.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,245,966 shares of the bank's stock after selling 441,837 shares during the period. Voloridge Investment Management LLC owned about 0.28% of Citizens Financial Group worth $54,523,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. 1620 Investment Advisors Inc. lifted its position in shares of Citizens Financial Group by 3.2% in the 4th quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank's stock worth $338,000 after purchasing an additional 238 shares during the period. Ballentine Partners LLC lifted its position in shares of Citizens Financial Group by 3.3% in the 4th quarter. Ballentine Partners LLC now owns 7,777 shares of the bank's stock worth $340,000 after purchasing an additional 247 shares during the period. True Wealth Design LLC lifted its position in shares of Citizens Financial Group by 10.5% in the 4th quarter. True Wealth Design LLC now owns 2,890 shares of the bank's stock worth $126,000 after purchasing an additional 275 shares during the period. Gallagher Fiduciary Advisors LLC lifted its position in shares of Citizens Financial Group by 1.9% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 17,386 shares of the bank's stock worth $761,000 after purchasing an additional 327 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of Citizens Financial Group by 3.3% in the 4th quarter. NewEdge Advisors LLC now owns 11,257 shares of the bank's stock worth $493,000 after purchasing an additional 363 shares during the period. Hedge funds and other institutional investors own 94.90% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on CFG. 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. Truist Financial decreased their target price on shares of Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Keefe, Bruyette & Woods decreased their target price on shares of Citizens Financial Group from $49.00 to $45.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. Citigroup decreased their target price on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. decreased their target price 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. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $46.78.

Citizens Financial Group Trading Down 0.7%

Shares of Citizens Financial Group stock opened at $41.28 on Wednesday. The firm has a market capitalization of $18.04 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 0.81 and a beta of 0.74. Citizens Financial Group, Inc. has a 12-month low of $32.60 and a 12-month high of $49.25. The firm's 50 day simple moving average is $38.54 and its two-hundred day simple moving average is $43.14. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.02. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. Analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were paid a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.07%. Citizens Financial Group's payout ratio 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.

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