Worldquant Millennium Advisors LLC Decreases Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Worldquant Millennium Advisors LLC lowered its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 52.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,495 shares of the bank's stock after selling 67,982 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in Citizens Financial Group were worth $2,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CFG. BTC Capital Management Inc. boosted its holdings in shares of Citizens Financial Group by 19.8% in the 4th quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank's stock valued at $1,882,000 after buying an additional 7,119 shares in the last quarter. Patton Fund Management Inc. acquired a new stake in Citizens Financial Group in the fourth quarter valued at approximately $6,694,000. AEGON ASSET MANAGEMENT UK Plc boosted its stake in Citizens Financial Group by 46.8% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank's stock valued at $50,430,000 after acquiring an additional 367,439 shares in the last quarter. SVB Wealth LLC purchased a new position in Citizens Financial Group in the fourth quarter worth $421,000. Finally, Arvest Bank Trust Division acquired a new position in shares of Citizens Financial Group during the fourth quarter worth $2,196,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Citizens Financial Group Stock Performance

NYSE:CFG traded up $0.83 during mid-day trading on Tuesday, hitting $40.40. The company's stock had a trading volume of 2,380,407 shares, compared to its average volume of 4,604,834. The business's fifty day moving average is $38.43 and its two-hundred day moving average is $42.98. The stock has a market cap of $17.66 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.81 and a beta of 0.74. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. 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 the consensus estimate of $0.75 by $0.02. The business 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%. Analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were given a $0.42 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $1.68 annualized dividend and a yield of 4.16%. Citizens Financial Group's dividend payout ratio is presently 53.33%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays lowered their price objective on Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. 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 for the company. Jefferies Financial Group initiated coverage on Citizens Financial Group in a research note on Wednesday, May 21st. They set a "buy" rating and a $50.00 price target on the stock. Cowen assumed coverage on shares of Citizens Financial Group in a research report on Wednesday, May 14th. They issued a "buy" rating for the company. Finally, 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 for the company in a research note on Thursday, April 17th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.50.

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.