Quantinno Capital Management LP Increases Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Quantinno Capital Management LP boosted its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 14.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 219,817 shares of the bank’s stock after purchasing an additional 28,217 shares during the quarter. Quantinno Capital Management LP’s holdings in Citizens Financial Group were worth $9,619,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CFG. CHURCHILL MANAGEMENT Corp purchased a new position in Citizens Financial Group in the fourth quarter valued at approximately $8,134,000. BTC Capital Management Inc. raised its stake in shares of Citizens Financial Group by 19.8% in the 4th quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock valued at $1,882,000 after acquiring 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 valued at $6,694,000. AEGON ASSET MANAGEMENT UK Plc boosted its position 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 worth $50,430,000 after purchasing an additional 367,439 shares during the period. Finally, SVB Wealth LLC acquired a new stake in Citizens Financial Group in the 4th quarter valued at $421,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on CFG. TD Cowen initiated coverage on Citizens Financial Group in a research note on Thursday. They set a “buy” rating and a $57.00 price objective on the stock. Truist Financial decreased their price target 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 dropped their price objective on shares of Citizens Financial Group from $53.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. Argus set a $45.00 target price on shares of Citizens Financial Group in a research note on Thursday, April 24th. Finally, Piper Sandler dropped their price target on shares of Citizens Financial Group from $48.00 to $43.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Citizens Financial Group presently has an average rating of “Moderate Buy” and an average target price of $46.78.

Citizens Financial Group Stock Up 0.1%

Shares of NYSE:CFG opened at $41.65 on Friday. The stock has a market capitalization of $18.21 billion, a price-to-earnings ratio of 13.75, 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. The company’s fifty day moving average is $38.45 and its two-hundred day moving average is $43.14. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. 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 Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.42 per share. The ex-dividend date was Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.03%. Citizens Financial Group’s dividend payout ratio (DPR) is 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.