Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Richard Bernstein Advisors LLC

Richard Bernstein Advisors LLC decreased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 21.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,758 shares of the bank’s stock after selling 23,160 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in Citizens Financial Group were worth $3,621,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Citizens Financial Group during the fourth quarter valued at $8,134,000. BTC Capital Management Inc. grew its stake in Citizens Financial Group by 19.8% during the 4th 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 during the last quarter. Patton Fund Management Inc. acquired a new position in shares of Citizens Financial Group in the fourth quarter valued at about $6,694,000. AEGON ASSET MANAGEMENT UK Plc increased its holdings in shares of 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 valued at $50,430,000 after purchasing an additional 367,439 shares during the period. Finally, Versor Investments LP acquired a new stake in shares of Citizens Financial Group during the third quarter worth about $1,910,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Up 0.2 %

Shares of CFG stock opened at $44.45 on Wednesday. Citizens Financial Group, Inc. has a 1-year low of $30.30 and a 1-year high of $49.25. The company has a market cap of $19.43 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 0.81 and a beta of 1.10. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a 50 day simple moving average of $45.75 and a 200-day simple moving average of $44.07.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities research analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is presently 55.45%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Truist Financial increased their price objective on shares of Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a research note on Tuesday, January 21st. Piper Sandler raised their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Raymond James reaffirmed a “strong-buy” rating and issued a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods lifted their price objective on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Citizens Financial Group presently has an average rating of “Moderate Buy” and an average 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.