Zurcher Kantonalbank Zurich Cantonalbank Sells 16,422 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 14.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,107 shares of the bank’s stock after selling 16,422 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Citizens Financial Group were worth $4,337,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CFG. CHURCHILL MANAGEMENT Corp purchased a new position in Citizens Financial Group during the 4th quarter valued at $8,134,000. BTC Capital Management Inc. boosted its stake in shares of 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 in the last quarter. Patton Fund Management Inc. purchased a new position in shares of Citizens Financial Group during the fourth quarter valued at about $6,694,000. AEGON ASSET MANAGEMENT UK Plc raised 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 buying an additional 367,439 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Citizens Financial Group by 19.3% in the fourth quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock worth $217,781,000 after buying an additional 805,758 shares during the period. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods upped their target price on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, January 21st. Compass Point increased their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Truist Financial boosted their target price on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a report on Tuesday, January 21st. 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 research note on Tuesday, November 26th. Finally, Barclays lifted their price target on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Citizens Financial Group has a consensus rating of “Moderate Buy” and an average target price of $49.22.

Citizens Financial Group Stock Up 2.5 %

CFG stock opened at $40.72 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group, Inc. has a 1-year low of $32.06 and a 1-year high of $49.25. The stock has a market capitalization of $17.80 billion, a P/E ratio of 13.44, a P/E/G ratio of 0.81 and a beta of 1.06. The business has a fifty day moving average price of $45.46 and a 200-day moving average price of $44.16.

Citizens Financial Group (NYSE:CFG) last issued its earnings results 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. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Citizens Financial Group’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 EPS. Equities analysts forecast 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 announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.13%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

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.