Norinchukin Bank The lessened its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 42.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 41,057 shares of the bank’s stock after selling 30,723 shares during the quarter. Norinchukin Bank The’s holdings in Citizens Financial Group were worth $1,724,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC increased its holdings in Citizens Financial Group by 14.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 11,470,644 shares of the bank’s stock valued at $434,393,000 after purchasing an additional 1,404,300 shares during the period. Victory Capital Management Inc. boosted its position in Citizens Financial Group by 10.2% during the 3rd quarter. Victory Capital Management Inc. now owns 6,951,710 shares of the bank’s stock valued at $263,262,000 after acquiring an additional 643,044 shares in the last quarter. LSV Asset Management boosted its position in Citizens Financial Group by 5.6% during the 4th quarter. LSV Asset Management now owns 3,419,848 shares of the bank’s stock valued at $143,565,000 after acquiring an additional 182,100 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Citizens Financial Group by 0.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,316,459 shares of the bank’s stock valued at $139,225,000 after acquiring an additional 17,735 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Citizens Financial Group by 86.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,148,345 shares of the bank’s stock valued at $119,226,000 after acquiring an additional 1,462,774 shares in the last quarter. Institutional investors own 97.50% of the company’s stock.
Shares of Citizens Financial Group Inc (NYSE:CFG) opened at $46.43 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.96. Citizens Financial Group Inc has a 12-month low of $31.51 and a 12-month high of $48.23. The company has a market capitalization of $22,148.93, a P/E ratio of 14.20, a PEG ratio of 0.76 and a beta of 1.39.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, January 19th. The bank reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Citizens Financial Group had a return on equity of 6.73% and a net margin of 25.60%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the firm posted $0.55 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. research analysts predict that Citizens Financial Group Inc will post 3.36 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were given a $0.22 dividend. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.18. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Wednesday, January 31st. Citizens Financial Group’s payout ratio is currently 26.91%.
In other news, Director Wendy A. Watson sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $40.31, for a total value of $161,240.00. Following the sale, the director now directly owns 12,917 shares of the company’s stock, valued at approximately $520,684.27. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.
Several research firms have weighed in on CFG. Sanford C. Bernstein set a $52.00 price objective on Citizens Financial Group and gave the company a “buy” rating in a research report on Monday, January 22nd. TheStreet raised Citizens Financial Group from a “c” rating to an “a+” rating in a research report on Monday, November 27th. Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Monday, December 4th. Morgan Stanley lifted their price objective on Citizens Financial Group from $43.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Finally, BMO Capital Markets raised Citizens Financial Group from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $40.00 to $39.00 in a research report on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Citizens Financial Group has a consensus rating of “Hold” and an average target price of $42.36.
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About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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