Ontario Teachers Pension Plan Board Purchases 440 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Ontario Teachers Pension Plan Board raised its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,645 shares of the bank’s stock after purchasing an additional 440 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Citizens Financial Group were worth $816,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Citizens Financial Group during the 4th quarter valued at $243,431,000. Wellington Management Group LLP lifted its holdings in Citizens Financial Group by 27.8% during the 4th quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank’s stock worth $462,547,000 after purchasing an additional 2,298,040 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Citizens Financial Group during the 4th quarter worth about $56,483,000. Bank of New York Mellon Corp grew its holdings in Citizens Financial Group by 31.0% during the 4th quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank’s stock valued at $155,051,000 after buying an additional 839,041 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of 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 valued at $217,781,000 after acquiring an additional 805,758 shares during the period. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Down 1.9 %

Shares of CFG opened at $35.43 on Thursday. Citizens Financial Group, Inc. has a 1-year low of $32.60 and a 1-year high of $49.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm’s 50-day moving average price is $41.36 and its 200-day moving average price is $43.66. The firm has a market capitalization of $15.49 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 0.81 and a beta of 0.81.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 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 $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.74%. Citizens Financial Group’s payout ratio is 55.45%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barclays upped their target price on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Stephens reiterated an “overweight” rating and issued a $53.00 price objective on shares of Citizens Financial Group in a report on Wednesday, January 29th. Truist Financial reduced their price objective on Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Raymond James restated a “strong-buy” rating and issued a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, January 21st. 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 company. According to MarketBeat, Citizens Financial Group has a consensus rating of “Moderate Buy” and a consensus price target of $49.06.

Citizens Financial Group Company Profile

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.