Schonfeld Strategic Advisors LLC Decreases Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Schonfeld Strategic Advisors LLC reduced its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 34.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,804 shares of the bank's stock after selling 72,337 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Citizens Financial Group were worth $5,943,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CFG. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Citizens Financial Group in the 4th quarter valued at about $28,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Citizens Financial Group during the 4th quarter worth approximately $28,000. Sierra Ocean LLC acquired a new position in shares of Citizens Financial Group during the 4th quarter worth approximately $47,000. Duncker Streett & Co. Inc. purchased a new stake in Citizens Financial Group in the 4th quarter valued at approximately $51,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Citizens Financial Group during the 4th quarter valued at $66,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Trading Down 1.3 %

Shares of NYSE:CFG traded down $0.51 during trading on Tuesday, reaching $38.20. 2,603,879 shares of the stock were exchanged, compared to its average volume of 4,793,418. The firm's 50-day moving average price is $38.96 and its 200 day moving average price is $43.25. The firm has a market cap of $16.70 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74. Citizens Financial Group, Inc. has a 12-month low of $32.60 and a 12-month high of $49.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings data 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 company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. On average, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date is Wednesday, April 30th. Citizens Financial Group's dividend payout ratio is presently 53.33%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Truist Financial reduced their price objective on Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Piper Sandler reduced their target price on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Royal Bank of Canada lowered their price target on shares of Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group reduced their price objective on shares of 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. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $48.00 target price (down from $58.00) on shares of Citizens Financial Group in a research note on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $46.18.

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.