Allspring Global Investments Holdings LLC Has $12.29 Million Position in Citizens Financial Group, Inc. (NYSE:CFG)

Allspring Global Investments Holdings LLC lowered its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 6.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 370,702 shares of the bank's stock after selling 24,930 shares during the period. Allspring Global Investments Holdings LLC owned 0.08% of Citizens Financial Group worth $12,285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CFG. Raymond James Financial Services Advisors Inc. increased its position in shares of Citizens Financial Group by 23.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,537 shares of the bank's stock worth $478,000 after purchasing an additional 1,980 shares during the last quarter. American Century Companies Inc. increased its position in shares of Citizens Financial Group by 29.7% in the 1st quarter. American Century Companies Inc. now owns 53,879 shares of the bank's stock worth $2,442,000 after purchasing an additional 12,350 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Citizens Financial Group by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,027 shares of the bank's stock worth $2,585,000 after purchasing an additional 3,531 shares during the last quarter. Yousif Capital Management LLC increased its position in shares of Citizens Financial Group by 9.3% in the 1st quarter. Yousif Capital Management LLC now owns 71,237 shares of the bank's stock worth $3,229,000 after purchasing an additional 6,060 shares during the last quarter. Finally, Blair William & Co. IL increased its position in shares of Citizens Financial Group by 1.5% in the 1st quarter. Blair William & Co. IL now owns 38,619 shares of the bank's stock worth $1,751,000 after purchasing an additional 586 shares during the last quarter. Institutional investors own 94.90% of the company's stock.

Insider Activity

In other Citizens Financial Group news, insider Craig Jack Read sold 4,508 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total value of $151,198.32. Following the transaction, the insider now owns 43,885 shares in the company, valued at approximately $1,471,902.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.62% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CFG shares. Barclays downgraded shares of Citizens Financial Group from an "overweight" rating to an "equal weight" rating and boosted their price objective for the company from $38.00 to $40.00 in a research report on Tuesday, January 2nd. Keefe, Bruyette & Woods boosted their price objective on shares of Citizens Financial Group from $35.00 to $39.00 and gave the company a "market perform" rating in a research report on Friday, April 5th. Evercore ISI boosted their price objective on shares of Citizens Financial Group from $35.00 to $39.00 and gave the company an "in-line" rating in a research report on Thursday, March 28th. Citigroup raised shares of Citizens Financial Group from a "neutral" rating to a "buy" rating and set a $36.00 price objective for the company in a research report on Monday, February 5th. Finally, Jefferies Financial Group boosted their price objective on shares of Citizens Financial Group from $35.00 to $36.00 and gave the company a "hold" rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $35.88.

Citizens Financial Group Price Performance

Shares of NYSE:CFG traded down $0.60 during trading on Tuesday, reaching $32.40. The company had a trading volume of 6,215,309 shares, compared to its average volume of 5,891,122. The firm's fifty day moving average is $33.20 and its 200 day moving average is $30.50. The firm has a market capitalization of $14.85 billion, a PE ratio of 10.37 and a beta of 1.38. Citizens Financial Group, Inc. has a twelve month low of $22.77 and a twelve month high of $36.38. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 0.88.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings results on Wednesday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.26). Citizens Financial Group had a net margin of 13.19% and a return on equity of 7.40%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The firm's revenue was down 9.2% compared to the same quarter last year. On average, equities analysts forecast that Citizens Financial Group, Inc. will post 3.23 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.19%. Citizens Financial Group's dividend payout ratio is currently 54.02%.

Citizens Financial Group Company 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.