Citizens Financial Group, Inc. (NYSE:CFG) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 14.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,817 shares of the bank's stock after purchasing an additional 28,217 shares during the quarter. Quantinno Capital Management LP's holdings in Citizens Financial Group were worth $9,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Citizens Financial Group in the 4th quarter worth about $8,134,000. BTC Capital Management Inc. boosted its position in shares of Citizens Financial Group by 19.8% during the fourth quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank's stock valued at $1,882,000 after purchasing an additional 7,119 shares in the last quarter. Patton Fund Management Inc. purchased a new stake in Citizens Financial Group in the fourth quarter worth $6,694,000. AEGON ASSET MANAGEMENT UK Plc grew its stake in Citizens Financial Group by 46.8% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank's stock worth $50,430,000 after purchasing an additional 367,439 shares during the period. Finally, SVB Wealth LLC bought a new position in Citizens Financial Group in the fourth quarter worth $421,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Performance

CFG stock traded down $0.69 during midday trading on Wednesday, reaching $40.61. The company had a trading volume of 1,058,754 shares, compared to its average volume of 4,806,893. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average price of $38.54 and a 200 day moving average price of $43.14. The firm has a market capitalization of $17.75 billion, a PE ratio of 13.41, a P/E/G ratio of 0.81 and a beta of 0.74. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.02. The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.42 per share. The ex-dividend date was Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.14%. Citizens Financial Group's dividend payout ratio (DPR) is 53.33%.

Analyst Ratings Changes

CFG has been the topic of several recent analyst reports. The Goldman Sachs Group cut their target price on Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Cowen assumed coverage on shares of Citizens Financial Group in a research note on Wednesday, May 14th. They issued a "buy" rating for the company. Royal Bank of Canada cut their target price on Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. cut their target price on shares of 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. Finally, Truist Financial decreased their price objective on Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $47.50.

Citizens Financial Group 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.