V Square Quantitative Management LLC Trims Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

V Square Quantitative Management LLC reduced its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 4.0% during the fourth quarter, Holdings Channel reports. The firm owned 11,405 shares of the bank’s stock after selling 471 shares during the quarter. V Square Quantitative Management LLC’s holdings in Citizens Financial Group were worth $499,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Costello Asset Management INC purchased a new stake in shares of Citizens Financial Group in the 3rd quarter worth about $25,000. Ashton Thomas Securities LLC bought a new position in Citizens Financial Group during the 3rd quarter valued at about $27,000. Catalyst Capital Advisors LLC bought a new position in Citizens Financial Group during the 3rd quarter valued at about $28,000. Ameliora Wealth Management Ltd. bought a new position in Citizens Financial Group during the 4th quarter valued at about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Citizens Financial Group during the 4th quarter valued at about $28,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Trading Up 0.8 %

CFG opened at $46.43 on Friday. The stock’s fifty day moving average is $45.75 and its two-hundred day moving average is $43.74. The company has a market capitalization of $20.46 billion, a P/E ratio of 15.32, a PEG ratio of 0.84 and a beta of 1.10. Citizens Financial Group, Inc. has a 52 week low of $30.30 and a 52 week high of $49.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results 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. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the business posted $0.85 EPS. The business’s revenue was down .1% compared to the same quarter last year. Analysts forecast that Citizens Financial Group, Inc. will post 3.93 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.62%. Citizens Financial Group’s payout ratio is 55.45%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Truist Financial raised their target price on Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Compass Point increased their target price 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. Barclays increased their price target on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods increased their price target 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. Finally, Citigroup raised their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Citizens Financial Group currently has a consensus 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.