Prudential Financial Inc. Lowers Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Prudential Financial Inc. lowered its position in Citizens Financial Group, Inc. (NYSE:CFG) by 75.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 333,363 shares of the bank’s stock after selling 1,030,337 shares during the quarter. Prudential Financial Inc. owned approximately 0.08% of Citizens Financial Group worth $14,588,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CFG. Ameliora Wealth Management Ltd. bought a new position in shares of Citizens Financial Group during the 4th quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Citizens Financial Group during the 4th quarter worth about $28,000. Sierra Ocean LLC purchased a new position in Citizens Financial Group during the 4th quarter valued at about $47,000. Legacy Investment Solutions LLC bought a new stake in shares of Citizens Financial Group in the 3rd quarter valued at about $48,000. Finally, Duncker Streett & Co. Inc. purchased a new stake in shares of Citizens Financial Group in the 4th quarter worth approximately $51,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Down 1.7 %

Citizens Financial Group stock opened at $41.27 on Friday. The business’s 50-day simple moving average is $44.80 and its two-hundred day simple moving average is $44.11. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $18.04 billion, a PE ratio of 13.62, a PEG ratio of 0.81 and a beta of 1.06. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, January 17th. The bank reported $0.85 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 firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Citizens Financial Group’s revenue for the quarter was down .1% on a year-over-year basis. Equities analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 4.07%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Raymond James reissued a “strong-buy” rating and set a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Truist Financial decreased their price objective on Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Citigroup cut their target price on Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday. Barclays increased 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. Finally, Compass Point lifted their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Nine equities 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.67.

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.