Citizens Financial Group, Inc. (NYSE:CFG) Stock Position Lifted by Nuveen Asset Management LLC

Nuveen Asset Management LLC boosted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 993,788 shares of the bank’s stock after acquiring an additional 14,421 shares during the period. Nuveen Asset Management LLC’s holdings in Citizens Financial Group were worth $43,488,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. 1620 Investment Advisors Inc. lifted its stake in Citizens Financial Group by 3.2% in the fourth quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank’s stock valued at $338,000 after acquiring an additional 238 shares during the last quarter. Ballentine Partners LLC lifted its stake in Citizens Financial Group by 3.3% in the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank’s stock valued at $340,000 after acquiring an additional 247 shares during the last quarter. Gallagher Fiduciary Advisors LLC lifted its stake in Citizens Financial Group by 1.9% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 17,386 shares of the bank’s stock valued at $761,000 after acquiring an additional 327 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Citizens Financial Group by 3.3% in the fourth quarter. NewEdge Advisors LLC now owns 11,257 shares of the bank’s stock valued at $493,000 after acquiring an additional 363 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Citizens Financial Group by 11.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,633 shares of the bank’s stock valued at $159,000 after acquiring an additional 364 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CFG. Raymond James reiterated a “strong-buy” rating and issued a $48.00 target price (down from $58.00) on shares of Citizens Financial Group in a research note on Thursday, April 17th. Morgan Stanley reduced their target price on shares of Citizens Financial Group from $54.00 to $43.00 and set an “equal weight” rating for the company 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. Stephens reduced their price objective on shares of Citizens Financial Group from $53.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, April 7th. Keefe, Bruyette & Woods reduced their price objective on shares of Citizens Financial Group from $49.00 to $45.00 and set a “market perform” rating for the company in a research note on Thursday, April 17th. Finally, Royal Bank of Canada reduced their price objective on shares of Citizens Financial Group from $50.00 to $44.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.78.

Citizens Financial Group Price Performance

NYSE:CFG opened at $41.56 on Tuesday. The stock has a market cap of $18.17 billion, a P/E ratio of 13.72, a PEG ratio of 0.81 and a beta of 0.74. 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 fifty day moving average price of $38.51 and a 200 day moving average price of $43.15. Citizens Financial Group, Inc. has a one year low of $32.60 and a one year high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. Analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend was Wednesday, April 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 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.