J. Safra Sarasin Holding AG Trims Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

J. Safra Sarasin Holding AG reduced its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 44.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,559 shares of the bank's stock after selling 20,006 shares during the period. J. Safra Sarasin Holding AG's holdings in Citizens Financial Group were worth $1,075,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Virtu Financial LLC purchased a new position in Citizens Financial Group in the third quarter worth $453,000. Wilmington Savings Fund Society FSB purchased a new position in Citizens Financial Group during the 3rd quarter worth $89,000. Tidal Investments LLC increased its position in Citizens Financial Group by 292.2% during the 3rd quarter. Tidal Investments LLC now owns 69,851 shares of the bank's stock valued at $2,869,000 after buying an additional 52,039 shares in the last quarter. Franklin Resources Inc. raised its stake in Citizens Financial Group by 4.8% in the third quarter. Franklin Resources Inc. now owns 655,600 shares of the bank's stock valued at $28,368,000 after buying an additional 29,940 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in Citizens Financial Group in the third quarter worth about $590,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Citizens Financial Group Price Performance

Shares of NYSE CFG traded down $0.09 during mid-day trading on Monday, reaching $36.97. The company's stock had a trading volume of 572,306 shares, compared to its average volume of 4,784,534. The stock has a 50-day moving average of $39.87 and a two-hundred day moving average of $43.46. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $16.16 billion, a P/E ratio of 12.19, a P/E/G ratio of 0.81 and a beta of 0.81. 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 announced its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.94 billion. On average, equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.54%. Citizens Financial Group's dividend payout ratio is currently 53.33%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Morgan Stanley lowered their target price on shares of Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. Citigroup lowered their price objective on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating for the company in a research note on Monday, March 24th. The Goldman Sachs Group reduced their target price on Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Piper Sandler dropped their price target 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. Finally, Keefe, Bruyette & Woods reduced their price objective on Citizens Financial Group from $49.00 to $45.00 and set a "market perform" rating for the company in a research note on Thursday, April 17th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $46.18.

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.