Todd Asset Management LLC Reduces Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Todd Asset Management LLC lowered its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 904,285 shares of the bank's stock after selling 99,430 shares during the period. Todd Asset Management LLC owned about 0.19% of Citizens Financial Group worth $29,968,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. lifted its position in shares of Citizens Financial Group by 3.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 129,930 shares of the bank's stock worth $3,482,000 after purchasing an additional 3,844 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in Citizens Financial Group in the third quarter valued at approximately $318,000. Xponance Inc. increased its position in shares of Citizens Financial Group by 1.1% during the 3rd quarter. Xponance Inc. now owns 66,396 shares of the bank's stock worth $1,779,000 after purchasing an additional 735 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Citizens Financial Group by 3.5% in the 3rd quarter. Raymond James & Associates now owns 315,504 shares of the bank's stock valued at $8,456,000 after buying an additional 10,579 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Citizens Financial Group by 122.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 42,571 shares of the bank's stock valued at $1,141,000 after buying an additional 23,405 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Citigroup upped their price target on shares of Citizens Financial Group from $39.00 to $43.00 and gave the stock a "buy" rating in a research report on Friday, April 19th. Argus boosted their target price on Citizens Financial Group from $36.00 to $39.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Wedbush reduced their price objective on shares of Citizens Financial Group from $38.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday, April 18th. Morgan Stanley increased their price objective on shares of Citizens Financial Group from $31.00 to $39.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Citizens Financial Group from $36.50 to $36.00 and set a "neutral" rating for the company in a report on Wednesday. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Citizens Financial Group has a consensus rating of "Hold" and a consensus price target of $37.73.

Citizens Financial Group Price Performance

Shares of CFG traded up $0.40 during trading hours on Friday, reaching $35.39. The stock had a trading volume of 3,647,329 shares, compared to its average volume of 4,871,114. Citizens Financial Group, Inc. has a 12 month low of $22.77 and a 12 month high of $36.38. The company's 50-day moving average is $34.04 and its two-hundred day moving average is $31.31. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $16.22 billion, a PE ratio of 12.82 and a beta of 1.36.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results on Wednesday, April 17th. The bank reported $0.65 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.10). The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. The firm's quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 earnings per share. Research analysts expect that Citizens Financial Group, Inc. will post 3.23 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 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.75%. Citizens Financial Group's dividend payout ratio (DPR) is 60.87%.

Insider Activity at Citizens Financial Group

In other news, insider Craig Jack Read sold 4,508 shares of the business'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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is currently owned by company insiders.

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.