Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV reduced its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 53.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,950 shares of the bank's stock after selling 52,753 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Citizens Financial Group were worth $2,011,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. My Legacy Advisors LLC raised its stake in shares of Citizens Financial Group by 1.0% in the 4th quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank's stock valued at $1,074,000 after purchasing an additional 229 shares in the last quarter. Brooklyn Investment Group grew its stake in shares of Citizens Financial Group by 3.3% in the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank's stock worth $320,000 after purchasing an additional 233 shares in the last quarter. 1620 Investment Advisors Inc. raised its position in shares of Citizens Financial Group by 3.2% during the 4th quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank's stock worth $338,000 after buying an additional 238 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in shares of Citizens Financial Group by 0.9% in the 4th quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank's stock worth $1,257,000 after buying an additional 246 shares in the last quarter. Finally, Ballentine Partners LLC increased its holdings in shares of Citizens Financial Group by 3.3% in the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank's stock valued at $340,000 after buying an additional 247 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Up 0.3 %

Shares of CFG stock traded up $0.12 on Friday, hitting $39.12. The stock had a trading volume of 3,512,814 shares, compared to its average volume of 4,807,257. The business has a 50 day moving average price of $38.45 and a 200 day moving average price of $43.16. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a one year low of $32.60 and a one year high of $49.25. The company has a market cap of $17.10 billion, a PE ratio of 12.91, a P/E/G ratio of 0.81 and a beta of 0.74.

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, 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 analyst estimates of $1.94 billion. Research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date is Wednesday, April 30th. Citizens Financial Group's dividend payout ratio is currently 53.33%.

Wall Street Analysts Forecast Growth

CFG has been the subject of several recent research reports. Citigroup cut their price objective on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating for the company in a report on Monday, March 24th. JPMorgan Chase & Co. lowered 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. Stephens reduced their price objective on Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Piper Sandler lowered their price target on Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Argus set a $45.00 target price on Citizens Financial Group in a research note on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Citizens Financial Group has an average rating of "Moderate Buy" and a consensus target price of $46.18.

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.