ING Groep NV Sells 2,677 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

ING Groep NV trimmed its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,507 shares of the bank’s stock after selling 2,677 shares during the quarter. ING Groep NV’s holdings in Citizens Financial Group were worth $897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. CHURCHILL MANAGEMENT Corp bought a new position in Citizens Financial Group during the 4th quarter worth approximately $8,134,000. BTC Capital Management Inc. grew its position in shares of Citizens Financial Group by 19.8% in the 4th quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock worth $1,882,000 after buying an additional 7,119 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its position in shares of Citizens Financial Group by 46.8% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock worth $50,430,000 after buying an additional 367,439 shares during the last quarter. Patton Fund Management Inc. bought a new stake in shares of Citizens Financial Group in the 4th quarter worth approximately $6,694,000. Finally, Versor Investments LP bought a new stake in shares of Citizens Financial Group in the 3rd quarter worth approximately $1,910,000. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Stock Down 1.3 %

Shares of NYSE:CFG opened at $44.32 on Tuesday. The stock has a fifty day simple moving average of $45.76 and a two-hundred day simple moving average of $44.04. The stock has a market capitalization of $19.37 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 0.81 and a beta of 1.10. Citizens Financial Group, Inc. has a 12-month low of $30.30 and a 12-month high of $49.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share. On average, research 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CFG. Compass Point lifted their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Stephens reiterated an “overweight” rating and issued a $53.00 price objective on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Piper Sandler lifted their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their price objective on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. Finally, Raymond James restated a “strong-buy” rating and issued a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

About Citizens Financial Group

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.