Frontier Capital Management Co. LLC Sells 5,876 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Frontier Capital Management Co. LLC reduced its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 354,677 shares of the bank’s stock after selling 5,876 shares during the period. Frontier Capital Management Co. LLC’s holdings in Citizens Financial Group were worth $15,521,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new stake in shares of Citizens Financial Group in the fourth quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Citizens Financial Group during the 4th quarter valued at $28,000. Colonial Trust Co SC lifted its holdings in shares of Citizens Financial Group by 673.0% in the 4th quarter. Colonial Trust Co SC now owns 889 shares of the bank’s stock worth $39,000 after buying an additional 774 shares during the period. Sierra Ocean LLC bought a new position in shares of Citizens Financial Group during the 4th quarter worth $47,000. Finally, Duncker Streett & Co. Inc. purchased a new position in shares of Citizens Financial Group during the fourth quarter valued at $51,000. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Up 2.4 %

Shares of NYSE CFG opened at $39.01 on Friday. The business has a 50-day moving average of $38.54 and a two-hundred day moving average of $43.17. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $17.05 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74. Citizens Financial Group, Inc. has a 1 year low of $32.60 and a 1 year high of $49.25.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.94 billion. On average, analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.31%. Citizens Financial Group’s dividend payout ratio is currently 53.33%.

Analyst Ratings Changes

CFG has been the subject of a number of analyst reports. Truist Financial lowered their target price on Citizens Financial Group from $51.00 to $43.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Stephens decreased their price objective on Citizens Financial Group from $53.00 to $48.00 and set an “outperform” rating for the company in a report on Monday, April 7th. Morgan Stanley dropped their target price on Citizens Financial Group from $54.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. Citigroup decreased their price target on Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Finally, Barclays cut their price objective on shares of Citizens Financial Group from $52.00 to $49.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus price target of $46.18.

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.