Ossiam Grows Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Ossiam grew its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 860.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 266,205 shares of the bank's stock after purchasing an additional 238,499 shares during the quarter. Ossiam owned approximately 0.06% of Citizens Financial Group worth $11,649,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors grew its stake in Citizens Financial Group by 3.3% during the 4th quarter. Capital World Investors now owns 35,900,115 shares of the bank's stock worth $1,570,989,000 after buying an additional 1,131,838 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Citizens Financial Group by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank's stock worth $477,043,000 after acquiring an additional 124,860 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Citizens Financial Group by 27.8% in the 4th quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock valued at $462,547,000 after acquiring an additional 2,298,040 shares during the period. Norges Bank purchased a new stake in Citizens Financial Group in the 4th quarter valued at $243,431,000. Finally, Nordea Investment Management AB boosted its stake in Citizens Financial Group by 19.3% during the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank's stock worth $217,781,000 after purchasing an additional 805,758 shares during the period. Institutional investors and hedge funds own 94.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CFG. JPMorgan Chase & Co. dropped their price objective on shares of Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. DA Davidson reduced their price objective on Citizens Financial Group from $53.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Argus set a $45.00 target price on Citizens Financial Group in a research note on Thursday. Stephens cut their price target on Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Finally, Piper Sandler lowered their price objective on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $46.18.

Citizens Financial Group Price Performance

Shares of CFG traded up $0.90 on Thursday, reaching $37.39. The stock had a trading volume of 2,150,031 shares, compared to its average volume of 4,782,784. Citizens Financial Group, Inc. has a twelve month low of $32.60 and a twelve month high of $49.25. The firm has a market capitalization of $16.34 billion, a PE ratio of 12.34, a PEG ratio of 0.81 and a beta of 0.81. The firm has a 50-day moving average of $40.25 and a 200 day moving average of $43.49. 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 (NYSE:CFG - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Sell-side analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Wednesday, April 30th. Citizens Financial Group's payout ratio is currently 53.33%.

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.