Citizens Financial Group, Inc. (NYSE:CFG) Stake Trimmed by Marshall Wace LLP

Marshall Wace LLP lowered its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 97.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,025 shares of the bank's stock after selling 416,925 shares during the period. Marshall Wace LLP's holdings in Citizens Financial Group were worth $395,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in shares of Citizens Financial Group in the 3rd quarter valued at about $453,000. Wilmington Savings Fund Society FSB purchased a new position in Citizens Financial Group in the third quarter worth $89,000. Tidal Investments LLC grew its stake in Citizens Financial Group by 292.2% in the 3rd quarter. Tidal Investments LLC now owns 69,851 shares of the bank's stock valued at $2,869,000 after purchasing an additional 52,039 shares during the period. Franklin Resources Inc. raised its stake in shares of Citizens Financial Group by 4.8% during the 3rd quarter. Franklin Resources Inc. now owns 655,600 shares of the bank's stock worth $28,368,000 after purchasing an additional 29,940 shares during the period. Finally, Versant Capital Management Inc grew its position in shares of Citizens Financial Group by 17.4% during the 4th quarter. Versant Capital Management Inc now owns 1,685 shares of the bank's stock valued at $74,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 94.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. DA Davidson dropped their price objective on shares of Citizens Financial Group from $53.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Raymond James restated a "strong-buy" rating and issued a $48.00 price objective (down from $58.00) on shares of Citizens Financial Group in a report on Thursday, April 17th. Stephens cut their target price 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. Truist Financial lowered their price target on 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. Finally, JPMorgan Chase & Co. dropped their price target on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $46.18.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock traded up $0.02 during trading on Friday, reaching $39.02. The company's stock had a trading volume of 1,320,064 shares, compared to its average volume of 4,699,996. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $49.25. The firm has a market cap of $17.06 billion, a PE ratio of 12.88, a P/E/G ratio of 0.81 and a beta of 0.74. The company has a 50-day moving average price of $38.54 and a two-hundred day moving average price of $43.17. 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 announced its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. On average, analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.31%. The ex-dividend date is Wednesday, April 30th. Citizens Financial Group's dividend 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.