Worldquant Millennium Advisors LLC Sells 67,982 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Worldquant Millennium Advisors LLC lessened its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 52.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 SEC filing.

A number of other institutional investors also recently modified their holdings of CFG. Norges Bank acquired a new position in Citizens Financial Group in the fourth quarter valued at about $243,431,000. Wellington Management Group LLP raised its stake in Citizens Financial Group by 27.8% during the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock worth $462,547,000 after acquiring an additional 2,298,040 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in 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 worth $423,733,000 after acquiring an additional 1,672,204 shares in the last quarter. AQR Capital Management LLC raised its stake in Citizens Financial Group by 32.2% during the fourth quarter. AQR Capital Management LLC now owns 6,186,364 shares of the bank's stock worth $270,715,000 after acquiring an additional 1,507,536 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Citizens Financial Group during the fourth quarter worth about $56,483,000. Institutional investors own 94.90% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Argus set a $45.00 price objective on Citizens Financial Group in a research note on Thursday, April 24th. 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 report on Thursday, April 17th. Barclays reduced their target price on Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Citigroup reduced their target price on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Finally, Raymond James restated a "strong-buy" rating and set a $48.00 price target (down from $58.00) on shares of Citizens Financial Group in a report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $47.50.

Citizens Financial Group Price Performance

Shares of CFG traded down $0.52 during trading hours on Wednesday, reaching $39.90. 1,516,453 shares of the company's stock traded hands, compared to its average volume of 4,803,459. The stock has a market cap of $17.44 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm's 50 day simple moving average is $38.42 and its 200-day simple moving average is $42.96. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.02. The firm 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%. Equities analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend was Wednesday, April 30th. Citizens Financial Group's payout ratio is currently 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.