Impax Asset Management Group plc Trims Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Impax Asset Management Group plc decreased its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 667,670 shares of the bank’s stock after selling 29,269 shares during the quarter. Impax Asset Management Group plc owned approximately 0.15% of Citizens Financial Group worth $29,217,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. IFP Advisors Inc increased its holdings in Citizens Financial Group by 38.3% in the fourth quarter. IFP Advisors Inc now owns 7,975 shares of the bank’s stock valued at $349,000 after buying an additional 2,210 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Citizens Financial Group by 105.7% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 95,184 shares of the bank’s stock valued at $4,165,000 after acquiring an additional 48,900 shares during the period. Delta Financial Group Inc. purchased a new position in shares of Citizens Financial Group in the 4th quarter valued at about $258,000. Howard Capital Management Inc. acquired a new position in Citizens Financial Group in the 4th quarter worth about $426,000. Finally, Wealthspire Advisors LLC raised its holdings in Citizens Financial Group by 9.4% in the 4th quarter. Wealthspire Advisors LLC now owns 11,622 shares of the bank’s stock worth $509,000 after purchasing an additional 1,001 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Stock Down 1.3 %

CFG stock opened at $44.32 on Tuesday. Citizens Financial Group, Inc. has a one year low of $30.30 and a one year high of $49.25. The firm has a market cap of $19.37 billion, a PE ratio of 14.63, a PEG ratio of 0.81 and a beta of 1.10. The firm’s 50 day moving average price is $45.76 and its 200-day moving average price is $44.04. 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 quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the company earned $0.85 EPS. On average, equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.79%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Analyst Upgrades and Downgrades

CFG has been the topic of several research analyst reports. Citigroup raised their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Raymond James reissued a “strong-buy” rating and issued a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Barclays upped their price objective on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Piper Sandler lifted their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Finally, The Goldman Sachs Group boosted their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.00.

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.