Citizens Financial Group, Inc. (NYSE:CFG) Shares Acquired by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 20.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,683,111 shares of the bank’s stock after buying an additional 1,672,204 shares during the quarter. Citizens Financial Group comprises 1.6% of Fuller & Thaler Asset Management Inc.’s portfolio, making the stock its 2nd biggest holding. Fuller & Thaler Asset Management Inc. owned 2.20% of Citizens Financial Group worth $423,733,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. CHURCHILL MANAGEMENT Corp bought a new position in Citizens Financial Group in the 4th quarter worth $8,134,000. BTC Capital Management Inc. increased its stake in shares of Citizens Financial Group by 19.8% in the fourth quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock worth $1,882,000 after purchasing an additional 7,119 shares during the period. Patton Fund Management Inc. acquired a new position in shares of Citizens Financial Group during the 4th quarter worth about $6,694,000. AEGON ASSET MANAGEMENT UK Plc boosted its stake in Citizens Financial Group by 46.8% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock valued at $50,430,000 after purchasing an additional 367,439 shares during the period. Finally, Nordea Investment Management AB grew its holdings in Citizens Financial Group by 19.3% in the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock valued at $217,781,000 after buying an additional 805,758 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CFG shares. Truist Financial reduced their price objective on Citizens Financial Group from $51.00 to $43.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Barclays reduced their price target on shares of Citizens Financial Group from $52.00 to $49.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group dropped their price objective on shares of Citizens Financial Group from $55.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. reduced their target price on shares of Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Finally, Raymond James restated a “strong-buy” rating and set a $48.00 price target (down from $58.00) on shares of Citizens Financial Group in a research note on Thursday, April 17th. Eight 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 data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average target price of $45.82.

Citizens Financial Group Stock Performance

NYSE CFG opened at $35.82 on Wednesday. Citizens Financial Group, Inc. has a 1-year low of $32.60 and a 1-year high of $49.25. The company has a 50 day moving average of $40.45 and a 200-day moving average of $43.53. 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 has a market cap of $15.66 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 0.81 and a beta of 0.81.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. On average, 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 disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Wednesday, April 30th. Citizens Financial Group’s dividend payout ratio is currently 53.33%.

Citizens Financial Group 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.