Charles Schwab Investment Management Inc. Has $337.11 Million Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Charles Schwab Investment Management Inc. decreased its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 3.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,479,479 shares of the bank's stock after selling 374,390 shares during the period. Charles Schwab Investment Management Inc. owned about 2.25% of Citizens Financial Group worth $337,105,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP increased its holdings in Citizens Financial Group by 217.5% during the 3rd quarter. Wellington Management Group LLP now owns 7,978,410 shares of the bank's stock valued at $213,821,000 after acquiring an additional 5,465,824 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Citizens Financial Group by 1,213.2% in the third quarter. AQR Capital Management LLC now owns 3,746,064 shares of the bank's stock worth $100,395,000 after acquiring an additional 3,460,792 shares during the last quarter. Barclays PLC lifted its position in Citizens Financial Group by 95.5% during the third quarter. Barclays PLC now owns 2,484,439 shares of the bank's stock valued at $66,584,000 after buying an additional 1,213,573 shares in the last quarter. SeaTown Holdings Pte. Ltd. lifted its position in Citizens Financial Group by 3,222.9% during the third quarter. SeaTown Holdings Pte. Ltd. now owns 1,163,000 shares of the bank's stock valued at $31,168,000 after buying an additional 1,128,000 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its position in Citizens Financial Group by 693.6% during the third quarter. Jupiter Asset Management Ltd. now owns 1,171,070 shares of the bank's stock valued at $31,385,000 after buying an additional 1,023,504 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Citigroup lifted their price target on shares of Citizens Financial Group from $39.00 to $43.00 and gave the company a "buy" rating in a research report on Friday, April 19th. Argus boosted their target price on shares of Citizens Financial Group from $36.00 to $39.00 and gave the stock a "buy" rating in a research report on Wednesday, April 24th. Piper Sandler raised shares of Citizens Financial Group from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $35.00 to $41.00 in a research report on Friday, April 26th. Evercore ISI boosted their target price on shares of Citizens Financial Group from $35.00 to $39.00 and gave the stock an "in-line" rating in a research report on Thursday, March 28th. Finally, Royal Bank of Canada boosted their target price on shares of Citizens Financial Group from $33.00 to $35.00 and gave the stock an "outperform" rating in a research report on Thursday, January 18th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $37.73.

Citizens Financial Group Stock Up 1.1 %

CFG traded up $0.38 during trading on Wednesday, hitting $35.95. The company had a trading volume of 3,485,164 shares, compared to its average volume of 5,613,047. The company has a market cap of $16.48 billion, a PE ratio of 13.03 and a beta of 1.36. Citizens Financial Group, Inc. has a 1-year low of $22.77 and a 1-year high of $36.38. The business has a 50-day moving average of $34.24 and a 200-day moving average of $31.47. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.87.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its earnings results on Wednesday, April 17th. The bank reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates 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 revenue for the quarter was down 7.9% on a year-over-year basis. During the same period last year, the company posted $1.00 earnings per share. As a group, analysts forecast that Citizens Financial Group, Inc. will post 3.23 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently declared 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 is Tuesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.67%. Citizens Financial Group's dividend payout ratio is currently 60.87%.

Insider Transactions at Citizens Financial Group

In other news, insider Craig Jack Read sold 6,327 shares of the company's stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $33.70, for a total transaction of $213,219.90. Following the completion of the transaction, the insider now owns 37,558 shares in the company, valued at $1,265,704.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.62% of the company's stock.

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.